- Western Union ( NYSE: WU ) is set to launch in Latin America with the acquisition of Brazil-based digital wallet Te Enviei.
- The company plans to enable its Brazilian customers to store funds, send money overseas and domestically and pay their bills.
- "Brazil is a strategically important market where we already hold a banking license, and it is a highly digitized banking market," Ricardo Amaral, president of Western Union Brazil said.
- Shares were trading +1.21% pre-market.
- Source: Press Release
For further details see:
Western Union to launch in Latin America with Brazil-based Te Enviei acquisition