Western Union announced new mobile money transfer service in Nigeria.

To face compete and improve its portfolio of services in Africa, Western Union Company  and eTranzact International plc, today have announced the launch of a new mobile money transfer service.

This means:

·        Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money
Transfer^® transaction on their mobile phones.

·        Consumers can receive funds from money transfer transactions initiated at westernunion.com transactional websites in 23 countries, or Western Union Agent locations around the world.

 “We are very pleased to launch our new relationship with eTranzact to increase the number of access points for consumers to use our services worldwide, and provide convenient mobile solutions for those who want new methods for money transfer transactions’’. Said Khalid Fellahi, Senior Vice President and General Manager, Western Union Digital.

About Western Union:

The Western Union Company 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 June 30, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 520,000 agent locations in 200 countries and territories and approximately 115,000 ATMs. 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.

About eTranzact

eTranzact is Nigeria's first award winning multi-application and multi-channel electronic transaction switching and payment processing platform. eTranzact has operations in Nigeria, Ghana, Kenya, Zimbabwe, South Africa, Cote d'Ivoire, and the UK and is currently expanding operations to more and more countries in the world. eTranzact was launched in September 2003, and has today evolved into a brand with global reach extending its innovative services to include products which cut across virtually all aspects of the e-payment space; ATM, Internet, POS, and Mobile. The company has deployed its mobile payment solutions to banks and non-bank financial institutions alike, and was recently granted the license by the Central Bank of Nigeria to provide Mobile Money services to individuals with a special focus on the unbanked.