Published on 9 May 2024 on Zacks via Yahoo Finance
Western Union (WU) Leverages Adonis & OXXO Alliances for Growth
The Western Union Company WU recently announced that it has joined forces with Adonis supermarkets to enhance cross-border money transfer services in Canada. The strategic partnership is expected to enable them to provide Western Union’s services to consumers in Adonis Seville and Adonis Griffintown locations in Montreal.
The move is expected to boost Western Union’s footprint in Canada. The company continues to increase its penetration of the global cross-border consumer payments market. It divested its Business Solutions business to focus on this core operation. It provides services across more than 200 countries and territories and through around 130 currencies, which makes it a global heavyweight in the remittance space.