Western Union and Mercado Pago have strengthened their partnership to allow customers in the United States and Canada to send money to Mercado Pago wallet accounts in Mexico. This new capability not only expands the reach and options for customers but also offers speed and convenience. Money sent through Western Union’s mobile app, website, or retail locations can now be credited directly to Mercado Pago accounts in Mexico.
Pedro Rivas, General Manager of Mercado Pago Mexico, expressed excitement over the growth of their relationship, stating that their goal is to become the top banking app for receiving remittances in Mexico. This development also makes it easier for individuals in the United States and Canada to send money to Mexico.
The agreement with Mercado Pago reinforces Western Union’s commitment to helping Mexicans conveniently send money globally through digital and retail channels. Claudia Reyes, Vice President and General Manager of Western Union Mexico, emphasized the shared mission of increasing customer access to digital and traditional financial services. The partnership aims to provide choice across digital and physical channels for customers while promoting growth and innovation in Mexico and its key corridors.
After sending money through the Western Union app, Mercado Pago wallet account holders in Mexico can withdraw cash for free with a debit card from thousands of ATMs and stores. They can also use the funds to pay for services through the Mercado Pago application or transfer money to others easily.
Western Union is dedicated to empowering individuals, businesses, and governments worldwide with its cross-border, cross-currency money movement, payments, and digital financial services. With a global network spanning over 200 countries and territories, the company aims to offer accessible financial services to help communities prosper.
Mercado Pago, established in 2003, is the largest fintech company in Latin America, offering comprehensive financial solutions in several countries in the region. The Mercado Pago app provides users with a complete digital wallet experience, allowing for various financial operations such as making payments with QR codes, receiving refunds, paying for services, and obtaining loans without a bank account.
By collaborating, Western Union and Mercado Pago aim to enhance the financial capabilities and convenience for their customers, bridging the gap between different regions and providing seamless money transfer options.