Consumers now making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
Western Union analysis shows that international money transfer senders, particularly recent immigrants, are as mobile-savvy and digitally motivated as the general population with nearly six out of 10 migrants owning a smartphone, moving it from a luxury device to an irreplaceable everyday necessity. Over two thirds of migrant international money transfer senders and more than 80% of non-migrant international money transfer senders own a smartphone.
Launched at Western Union’s flagship 1440 Broadway in New York City”with more participating Western Union Agent locations to follow”customers will be able to use their iPhone 6 to fund a Western Union Money Transfer transaction or bill payment.
To use this service, customers must register their debit card on their device and ensure their bank is a participating partner of the Apple Pay service. They can then make a payment simply by holding their phone near the contactless reader with their finger on Touch ID. Consumers’ debit card numbers are not transmitted in payment, nor are they shared with the Western Union Agent.
As of September 30, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments.
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