Business Latin America

  Western Union Expands its Digital Wallet to Latin America DENVER--(BUSINESS WIRE)--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. Source: Business Wire New Acquisition Expected to Accelerate Market Launch, with Brazil Anticipated to be Live in First Half of 2023 “Brazil is a strategically important market where we already hold a banking license, and it is a highly digitized banking market. Additionally, our internal research indicates that many Brazilians are looking for financial products that can address their needs in a global economy” As part of its renewed purpose-driven strategy, Western Union is expanding its value proposition to customers by offering a broader set of digi...