Western Union Buys Panamanian Agent

Western Union, announced the completion of the acquisition of Transfer Express de Panama, a Panama-based money transfer and bill payments company.

Thursday, August 7, 2008

Western Union said that Transfer Express de Panama will directly operate its own 15 locations and manage relationships with sub-agents who represent nearly 100 sites throughout the country.

More on this topic

Telefonica and Mastercard Offer Mobile Payments

January 2011

The companies formed a joint venture in order to provide financial solutions through mobile phones in Latin America.

Movistar mobile customers in Latin America may use the mobile phone to transfer money to other people, pay bills, purchase airtime and make purchases in shops and stores, among other services.

MoneyGram Forges Central American Alliance with Citi

June 2010

MoneyGram International and Citi today announced an agreement to expand MoneyGram's money transfer services to all Citi locations in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.

"This important agreement extends MoneyGram's presence in Citi's network across Central America," said Dan O'Malley, MoneyGram International executive vice president for the Americas.

Western Union to Operate From Integral's Branches

December 2009

With this alliance, Western Union will offer its services in the 25 offices of Financiera Integral, a financing company.

From Elmundo.com.sv: "Western Union continues expanding its network, to enable all Salvadorans to receive family remittances from anywhere in the country".

Western Union opens regional headquarters in Panama

September 2008

With the opening of an office in Panama, multinational company Western Union will now manage from there its operations in Colombia, Ecuador and Venezuela.

Liz Alicea-Velez, executive vice-president for Latin America and the Caribbean of this leading company in global money transfer, said that she is satisfied with the new business model which will allow them to manage operations in the three South American countries from Panama.

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