MONTEVIDEO, Uruguay, July 19, 2016 – Western Union Business Solutions (WUBS), a leader in global payment services, announced a multi-year collaboration with Manentia, to give banks and their clients in Latin America greater access to international payment services.
The alliance will bring WUBS’ international payment infrastructure to Manentia’s banking clients, enabling them to access fast and easy international transfers in over 130 currencies. Banks using Manentia’s flagship virtual banking platform, Nazca, will be able to facilitate payments for business clients through both traditional SWIFT channels and through international domestic payment gateways.
Manentia provides information technology and services to financial institutions across Latin America to support them in building profitable virtual channels. Its flagship product, Nazca, is a technology platform that allows financial companies to access reliable internet and mobile banking systems.
WUBS is a leading nonbank provider of cross border payments, enabling banks and companies of all sizes to send and receive international payments and manage global cash flow. This deal will open up the global marketplace for banks and businesses based in Latin America by giving them access to a world-class international payments infrastructure, supported by WUBS’ network of trading offices, strategic banking relationships and a global clearing network.
“Western Union Business Solutions is committed to bringing our cross border payment technology and payment infrastructure to Latin America. The fact that Manentia’s sole focus is on digital banking innovation made our collaboration a great fit. We look forward to bringing our robust payment infrastructure to Manentia’s client base,” said Alfred Nader, Vice President of Latin America and the Caribbean for Western Union Business Solutions.
“Our clients range from multi-national banks to regional players, but they have something in common: the desire to bring the best online banking experience to their clients,” said Claudia Fernández, CEO of Manentia.“Giving them access to a first class payment infrastructure fits well with our strategy of meeting our clients’ demands for having access to the best in banking technology.”
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Western Union Business Solutions: Liesl Smith, Director, Global Corporate Communications
Phone: +44 (0)208 563 6347, Mobile: +44 (0) 7710 185864, Liesl.email@example.com
Western Union Latin America and Caribbean: Paula Barifouse, Director, Corporate Communications, +1 786-857-5175, paula.barifouse@WesternUnion.com
About Western Union Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of The Western Union Company (NYSE: WU), a leading nonbank provider of cross border payments, which offers Business Solutions services in over 30 countries. Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 130 currencies.
Provision of any WUBS services is subject to customer due diligence process and procedures of WUBS. All services of WUBS are provided in the U.S.A. or other jurisdictions depending on the contracting WUBS entities. Entities in certain jurisdictions may not yet be able to contract with WUBS.
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 March 31, 2016, 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, and included the capability to send money to over one billion accounts. In 2015, The Western Union Company completed 262 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 508 million business payments. For more information, visit www.westernunion.com.