Western Union, Tigo agree on cross-border mobile money transfer services

Global payment services Western Union and Millicom International Cellular S.A. operators of Tigo have joined forces to launch cross-border mobile money transfers in Latin America.

The two announced the partnership February 28, 2012 at the ongoing Mobile World Congress in Barcelona, Spain after they signed an agreement to that effect.

“The first cross-border money transfer service under this agreement will be launched soon in Paraguay under the Giros Tigo brand (Tigo Cash). Millicom will then be able to offer its customers in Paraguay the ability to receive money across borders using their mobile phones,” a joint release on Western Union’s website said.

Specific services under this agreement, both said “will vary by country, but over time, Tigo customers in most of Millicom’s Latin American markets will be able to receive money from Western Union customers directly into their mobile accounts.”

They will also be able to cash out transactions at any Tigo location offering the Giros Tigo facility, the statement added.

By Ekow Quandzie