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Fintech & Ecommerce

Western Union partners Italian prepaid card service?

Feb 07, 2020

Over 7 million Postepay Evolution customers can now make cross-border payments through the app

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Western Union partners Italian prepaid card service. Source: shutterstock.com

Western Union announced to enter into an agreement with Postepay, enabling its customers to send money worldwide.

Postepay’s users have the choice to fund their payments within the app using card or account and payout via Western Union’s Global Retail Network.

Postepay has a strong customer base of nearly 20 million of prepaid cards, more than 7 million of Postepay Evolution cards and over 4,8 million of digital wallets.

In line with our company’s strategy, Postepay’s first goal is to inform and guide changes in consumer habits while strongly investing and promoting our app-based strategy. Therefore, the Postepay app offers our customer, not only highly performing dedicated services, but an ecosystem of integrated products and services which simplify transactions and exchanges at any level. Thanks to the collaboration with a leading brand such as Western Union our customers can now send money around the world in total comfort. In this context, a global leader such as Western Union is the right partner to increase our growth
Marco Siracusano, Chief Executive Officer of Postepay

Data reveals that remittance from Italy to the rest of the world in 2018 was $18.5 billion, whereas Italy received $9.5 billion in remittances.

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