Western Union executive vice president and president of Global Consumer Financial Services Stewart Stockdale said today’s announcement is an example of how two major retail financial services brands can leverage their global presence and strengths to work successfully together to offer consumers fast, reliable and convenient global money transfer and payment services.
"Consumers turn to Dollar Financial for convenience and value – and Western Union is constantly looking for ways to work with Dollar Financial to provide new services and better serve consumers worldwide," Stockdale said.
Dollar Financial chairman and CEO Jeff Weiss said it is their mission to be the leading global provider of financial services to the under-banked and unbanked consumer, which they refer to as the ALICE demographic (or asset limited, income constrained, employed).
"This agreement enables us to continue to meet the needs of this growing demographic in an expedient and efficient manner by leveraging Western Union’s strong brand in concert with our expanding service platform of now more than 1,200 retail store locations around the world," Weiss said.
