SAN FRANCISCO—Western Union and Mercado Pago are reporting they are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico.
According to Pymnts.com, U.S. and Canadian customers can now send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in Mexico, the companies stated in a release.
“The partnership with Mercado Pago reinforces Western Union’s role in helping Mexicans send money globally using digital and retail channels,” the companies added.
How Funds are Withdrawn
After money has been sent through the Western Union app, Mercado Pago wallet account-holders in Mexico can withdraw the cash for free using a debit card at thousands of ATMs and stores, the release said. They can also use the money to pay for services directly through the Mercado Pago app or transfer the funds to others.
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