Tag Archives: money transfer

Western Union No-Fee Transfers to Chile in March!

Destruction from the Chile earthquake
Devastation in the Chilean port city of Talcahuanao by the tsunami and earthquake. Western Union will be offering no-fee money transfers to Chile in March. (Photograph: Martin Bernetti/AFP/Getty Images).

Business Wire reports that in order to help the victims of Chile’s devastating earthquake, Western Union will be waiving money transfer fees for transfers from the USA to Chile, tarting Saturday, March 6, 2010, and concluding Friday, March 19, 2010.

I think that is a great idea and a wonderful way to give something back to the community and show support for the victims of the disaster.

The “No Transfer Fee” program also is available through westernunion.com from the U.S.

For more information about operating Agent locations in Chile, consumers may visit www.westernunion.com or call in the United States 1-800-325-6000 (English and Spanish).

“The hearts of all Western Union employees go out to those affected by Chile’s earthquake,” said Stewart A. Stockdale, President of The Americas and Executive Vice President Global Cards and Global Key Accounts, Western Union. “The earthquake damages have generated massive infrastructural challenges for businesses operating in the impacted region, and we continue to work with our Agents toward restoring service and supporting our consumers in Chile.”

To help the victims of Chile’s devastating earthquake, The Western Union Foundation, as part of The Western Union Company’s corporate signature program, Our World, Our Family(R), announced earlier this week a $50,000 donation to World Vision towards earthquake relief efforts.

Western Union, through its global foundation, also has activated its Agent Gift Matching Program in support of Chile, matching one-for-one Agent donations from around the world made to the Western Union Foundation, up to a combined match of $100,000. Western Union is encouraging employee donations to be made directly to the Western Union Foundation in support of Chile relief efforts. All employee donations will be matched two-to-one in the U.S. and three-to-one outside the U.S.

Mobile International Payments through Monitise

The following press release comes from a money transfer company called Monitise:

Monitise Offers Mobile International Payments

13th February 2008
By Bhavana Navuluri

Monitise, a UK mobile banking and payments technology company, has launched a service that allows users to make international remittances using a mobile phone.

The MoniHome service will be combined with the company’s multi-bank, multi-mobile operator mobile banking and payments systems to enable users to initiate, manage, and track transactions via their cellphones.

Users can choose to accept payment through a channel of their preference, be it a direct transfer into their bank account or collecting cash from a physical location.

Monitise CMO Richard Johnson said: “Our partner banks and mobile operators have expressed strong interest in making this available to their customers and we expect to announce the first pilot of the service in the coming months.”

While I’m not sure about the name “Monitise” (so badly misspelled it makes my eyes hurt) I do think this is an idea whose time has come. I’m curious as to how this differs from using your cellphone to access a money transfer provider’s website to make a payment.

If it truly is phone-to-phone, where I use my credit card to send money to someone else’s phone, whereby he can then transfer the money to his bank account (which presumably partners with Monitise) then I think it’s revolutionary.