|[February 21, 2013]
Western Union Certifies Ericsson's Wallet Platform for Mobile Money Transfers: Positions Electronic Channels for Growth
ENGLEWOOD, Colo. --(Business Wire)--
The Western Union (News - Alert) Company (NYSE: WU), a leader in global payment
services, today announced that it has certified the Ericsson Wallet
Platform. With this certification, Ericsson
(NASDAQ: ERIC) can now offer its operator customers the ability to
include Western Union® Mobile Money Transfers in their
financial services portfolios enabling end-users to send and receive
money across borders using their mobile phones.
"We're continually evolving and expanding our services-both digitally
and in our Agent locations-so that we can offer even more choice and
convenience to consumers," said Nick LeCuyer, vice president of strategy
and distribution, Western Union Digital. "Ericsson (News - Alert) and Western Union
together offer a powerful combination of global scale and brand
awareness, operator relationships, and complementary mobile expertise.
Together we believe we can bring mobile financial services to more
places around the globe."
Ericsson's Adam Kerr, head of M-Commerce, said: "Western Union is a
leader in global payment services and now our mobile operator customers
will be able to include Western Union Mobile Money Transfers in their
mobile financial services portfolios. The seamless integration of the
Western Union service within our Ericsson Wallet Platform is a powerful
statement of intent and a direct result of the strategic alliance we
announced with them at Mobile World Congress (News - Alert) 2012."
Ericsson's M-Commerce services portfolio is designed to unlock the
potential of the obile wallet, fast-track mobile operators' time to
market for deploying mobile financial services, and support the rapid
adoption of m-commerce by their subscribers.
Union is a leader in money transfer. The company began offering
mobile money transfer services in 2009 and today the ability to send or
receive funds using a mobile device is available in Afghanistan,
Bangladesh, El Salvador, Guatemala, Indonesia, Kenya, Madagascar,
Malaysia, Paraguay, the Philippines, Tanzania, Uganda, Vietnam, and the
U.S. Its integration within the Ericsson Wallet Platform enables mobile
operators to access the company's global money transfer network of more
than 480,000 Agent locations across 200 countries and territories.
This milestone stems from the strategic alliance Western Union and
Ericsson announced at Mobile World Congress 2012 in Barcelona, Spain: http://ir.westernunion.com/News/Press-Releases/Press-Release-Details/2012/Ericsson--Western-Union-join-forces-to-fast-track-mobile-financial-services/default.aspx.
To learn more about the Ericsson Wallet Platform, Converged Wallet, and
other M-Commerce solutions, visit: http://www.ericsson.com/ourportfolio/telecom-operators/m-commerce.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of December 31, 2012, the Western Union, Vigo
and Orlandi Valuta branded services were offered through a combined
network of approximately 510,000 agent locations in 200 countries and
territories. In 2012, The Western Union Company completed 231 million
consumer-to-consumer transactions worldwide, moving $79 billion of
principal between consumers, and 432 million business payments. For more
information, visit www.westernunion.com.
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