Western Union’s profit margins is documented to have sky rocketed from Gh¢ 2.4 billion in 2013 to Gh¢ 11.6 billion over the past year
Western Union is set to open its remittance services to all mobile network platforms in Ghana.
This was disclosed at a media briefing in Accra which saw Western Union’s president for Africa, Middle East, Asia Pacific, Eastern Europe and CIS, Jean Claude Farah explaining; “You will see us partnering with many mobile network operators and in the future you will see even more of that happening. You will see maybe a mobile application of Western Union over which on your phone you can be sending money regardless of the operator you are working with.”
The world’s most competitive money transfer firm claims it is also considering moves to partner some mobile network operators in a bid to facilitate the ease of transfer of funds across the globe.
“For us mobile money transfer is a new way of how people would like to receive or send money. And this is certainly a way we will harness and we will leverage as Western Union leaders in the money transfer industry,” Jean Claude Farah indicated.
So far, Western Union’s profit margins is documented to have sky rocketed from Gh¢ 2.4 billion in 2013 to Gh¢ 11.6 billion over the past year.
Western Union, recently celebrated its 20th anniversary in Africa at an event in Accra. With 34,000 locations in more than 50 countries and territories, the Western Union network serves more than 17 million senders and receivers in 120 currencies.