The Western Union Money Transfer service has been available in Brazil since 1997, providing international money transfer services, through its agent network that currently includes more than 5,800 agent locations.
The signing of Banco Bradesco is part of Western Union’s ‘go-to-market’ strategy in Brazil. As Western Union continues the expansion of its service offerings, in an effort to strongly position money transfers to consumers in Brazil, it seeks to tap into strategic banking channels.
Stewart Stockdale, president of the Americas and EVP of global cards and global key accounts, said: “Our expanding global money movement network provides consumers more ways to move money quickly to more destinations worldwide. Banco Bradesco is a leading-edge financial services institution. Our agreement with Banco Bradesco is part of Western Union’s new focus on identifying and driving the development of best-in-class services to expand the company’s business to new consumer segments in Brazil.”
Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House branded payment services, Western Union allows consumers and businesses to send and receive money around the world and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of more than 410,000 agent locations in 200 countries and territories.
