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News

Western Union, VTN launch m-payment service in Nigeria

Monday 1 April 2013 14:22 CET | News

The Western Union Company, in partnership with Nigerian payment operator Virtual Terminal Network (VTN), have launched a new transfer service that allows subscribers in Nigeria to use their mobile phones to direct Western Union funds into their electronic VTN VCASH account.

VCASH subscribers can use the mobile money service to transfer up to USD 300 of one Western Union remittance received and combined daily remittances of up to USD 800 into their accounts.

The money in the VCASH account can then be used for transactions, payment of bills, make bank deposits or can be transferred to other VCASH users.

In recent news, Western Union has launched a Global Share platform, which enables the company to introduce new stored-value solutions by partnering with local companies.


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Keywords: Western Union, VTN, Nigeria, m-payments, mobile money transfers
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce

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