THE Western Union Company, a leader in global payment services, and
eTranzact International plc, a multi-application and multi-channel
electronic payment processing company, have announced the launch of a
new mobile money transfer service.
The firms explained that
consumers in Nigeria who use the eTranzact Mobile Money platform now
have the option of receiving a Western Union Money Transfer transaction
on their mobile phones. Consumers can receive funds from money transfer
transactions initiated at westernunion.com transactional websites in 23
countries, or Western Union Agent locations around the world.
Western Union Regional Vice President for North, Central and West Africa, Aida Diarra said,
“Western
Union continues to introduce new service offerings to complement our
multi-product, multi-channel strategy. We are very pleased to launch our
new relationship with eTranzact to increase the number of access points
for consumers to use our services worldwide, facilitate financial
inclusion, and provide convenient mobile solutions for those who want
new methods for money transfer transactions. To date, we have 19 active
mobile money transfer deployments in 17 countries, and remain committed
to expanding our mobile service offerings in key regions.”
eTranzact Mobile Money is a mobile payment solution that has
multi-network interface capabilities with third-party payment programs.
Upon receipt of their funds via a Western Union Money Transfer
transaction, subscribers can use PocketMoni, the eTranzact Mobile Money
platform, to pay utility and cable television bills, make merchant
payments, top-up their mobile phone credits and/or make third party
transfers.
Managing Director and Chief Executive Officer,
eTranzact, Valentine Obi said “We are excited to work with Western Union
and leverage the power of their global network on behalf of consumers
across Nigeria. eTranzact Mobile Money service – PocketMoni – is
specifically designed to transform a user’s mobile phone into a highly
interactive, feature-rich payment device, and our relationship with
Western Union will allow for 24/7 access to money transfer
transactions. Adding Western Union money transfer capability to the
platform is another step in building a comprehensive suite of mobile
services, and enhances our customer value proposition.”
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