Western Union (NYSE: WU) announced on Tuesday it has joined forces with TrueMoney, a financial services provider, to expand its services into the Philippines. Western Union reported that through the partnership, customers will initially be able to receive money at select TrueMoney locations and eventually at more than 5,000 locations across the country.
Speaking about the expansion of Western Union’s services, Jeffrey Navarro, Head of Network in the Philippines, Malaysia, Brunei, and Indochina at Western Union, stated:
“We are continuously adapting our operations and business, to offer customers the best service and experience. We are excited by the launch of our service with TrueMoney, enabling customers to now access money transfer services at more locations across the country.”
Eugene Go, Chief Executive Officer & Country Managing Director of the Philippines at TrueMoney, then added:
“With the speed at which things are changing around us, we are dedicated to serve our customers, facilitating reliable and convenient money transfers for them. Money movement is essential – often, livelihoods and financial survival are directly linked to it. Hence, it’s critical in these times to move money responsibly, and we are glad to do so with Western Union.”
As of March 31, 2020, Westen Union’s network included more than 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts.