Western Union México and Fundación Dondé Partner Up to Provide Cross-Border Remittance Services in Mexico
28 June 2023 - 10:00PM
Business Wire
- In the past four years, thousands of customers have received
more than 310 million pesos of remittances at Fundación Dondé
- 332 Fundación Dondé branch offices in Mexico provide remittance
services
- The service is available starting April 2023 in all branch
offices, with a payout limit of $50,000 MXN
Western Union and Fundación Dondé, a Private Assistance
Institution (I.A.P., Institución de Asistencia Privada), today
announced an agreement to offer Western Union remittance services
at 332 Fundación Dondé branch offices across Mexico. The
partnership between the two organizations will benefit thousands of
Fundación Dondé and Western Union customers who send and receive
money in the countries and territories where Western Union
operates.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230628965880/en/
In order, from left to right: Moises
David Gonzalez Montes, Jorge Antonio Hernandez Tinajero, Jonathan
Salvador Garcia Zarate, Claudia Reyes Armebianchi, Jose Fernando
Ara Zamudio, Hector Hugo Vega Nava. (Photo: Business Wire)
Claudia Reyes Armebianchi, general manager of Western Union
Mexico and Central America, said, "Our expansion strategy is
reinforced by including Fundación Dondé as a key and reliable
partner for receiving remittances in Mexico. By strengthening our
network, we create development opportunities, close financial gaps,
and provide a superior experience for our customers.”
According to information from Banco de Mexico in its analytical
report of April 3, 2023, remittance income from abroad amounted to
US$4.348 billion in February 2023, resulting in an annual increase
of 11.2%.1
Moisés González, Deputy General Director of Operations for
Fundación Dondé, said, “We are very pleased and proud to be able to
integrate Western Union's remittance services at our branches. This
strengthens us and, above all, benefits our customers by being able
to receive the money that our people send mainly from US, Ecuador
and Colombia, at any of our locations. During this year we have
provided the service to thousands of clients.”
Fundación Dondé is an institution that has been committed to the
education of Mexican children for more than 100 years. Fundación
Dondé currently operates in the lending and banking sector with
around 400 branches throughout the country.
The benefits that Mexican families will receive through
Fundación Dondé and Western Union are:
- Reception of remittances in 332 branches located throughout
Mexico
- Service hours from 9:00 a.m. to 6:00 p.m. Monday to Friday, and
Saturdays and Sundays from 9:00 a.m. to 2:00 p.m.
- Payment limit per remittance of $50,000 MXN
About Western Union
The Western Union Company (NYSE: WU) is committed to helping
people around the world who aspire to build financial futures for
themselves, their loved ones and their communities. Our leading
cross-border, cross-currency money movement, payments and digital
financial services empower consumers, businesses, financial
institutions and governments—across more than 200 countries and
territories and nearly 130 currencies—to connect with billions of
bank accounts, millions of digital wallets and cards, and a global
footprint of hundreds of thousands of retail locations. Our goal is
to offer accessible financial services that help people and
communities prosper. For more information, visit
www.westernunion.com.
About Fundación Dondé
Fundación Dondé is a non-profit Private Assistance Institution
created in 1905. With more than 100 years of existence, it is
transforming Mexico through education. Pawnbroker, Bank and
Educational Modules are the 3 pillars that make up Fundación Dondé.
The resources generated in the 400 branches are destined to more
than 24,500 children in the 73 Dondé Educational Modules in which
we are agents of transformation every day in Mexico. For more
information: call 800-00-36633 or email info@frd.org.mx
1
https://www.banxico.org.mx/publicaciones-y-prensa/remesas/%7BD683F96C-C18B-C020-B46C-D1C4D607E868%7D.pdf
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version on businesswire.com: https://www.businesswire.com/news/home/20230628965880/en/
Media Contacts: Brad Jones Western Union
bradley.jones@wu.com
Arturo García Arellano FleishmanHillard México
arturo.garcia@fleishman.com
Paulina Salas Martínez Fundación Dondé
psalas@frd.org.mx
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