As a result of this partnership, Wells Fargo will extend consumer remittance payout network distribution to other nine financial institutions and alternative financial services in Guatemala, Colombia, Ecuador, Honduras, Peru, Philippines and Vietnam. In addition, Wells Fargo will also enhance its current payment services in Mexico with Banorte, the company which owns UniTeller Financial Services.
Wells Fargo provides banking, insurance, investments, mortgage, consumer and commercial finance services.
In recent news, Wells Fargo has joined forces with Bank of America and US-based financial services provider JPMorgan Chase to create a JV for a new online banking service.
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