Cuentas, Western Union sign 5-year agreement

Thursday 4 February 2021 08:52 CET | News

Cuentas, a US-based provider of mobile banking and payment solutions, has signed a five-year agreement with Western Union to integrate digital money transfer services into the Cuentas mobile app and digital wallet in 2021.

Through Western Union's global cross-border, cross-currency platform, Cuentas cardholders in the US will have the ability to move money to family and loved ones almost anywhere across the world from the Cuentas mobile app. Customers will have the option of choosing for their receivers to be paid out across Western Union's network representing bank accounts, wallets, and cards or through the retail locations available in 200 countries and territories.

Western Union's platform integrates local regulation, compliance, channels, currency, and language. In recent times, Western Union has opened its platform to a growing band of partners representing the financial, telecom, and tech sectors.

The Cuentas mobile app services provide a financial solution for the unbanked, underbanked, and underserved US Hispanic & Latino community, providing access to the US financial system to those unable to open a traditional bank account or who prefer not to bank at a traditional financial institution.

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Keywords: Cuentas, Western Union, agreement, digital money transfer, mobile payments, cross-border payments, bank accounts, wallets, cards, financial inclusion
Categories: Payments & Commerce
Countries: United States
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Payments & Commerce

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