Western Union Expands its Digital Wallet to Latin America
New Acquisition Expected to Accelerate Market Launch, with Brazil Anticipated to be Live in First Half of 2023
Following a successful introduction of its digital banking offering in Europe in February 2022, Western Union (NYSE:WU) is gearing up to launch in Latin America. The Company announced the acquisition of Te Enviei, a Brazil-based digital wallet that will accelerate the time to market of Western Union's financial ecosystem offerings in Brazil.
As part of its renewed purpose-driven strategy, Western Union is expanding its value proposition to customers by offering a broader set of digital financial services. By introducing its digital wallet in Brazil, Western Union plans to enabl
