Wednesday 13 February 2008

Philippines: Western Union, Globe tie up to launch remittance service

THE Western Union Company, Globe Telecom and its wholly-owned subsidiary, G-Xchange Inc., yesterday said they will join forces to introduce a cross-border mobile mo-ney transfer service supporting low-principal, high-frequency remittances.

Globe Telecom, a telecommunications provider, offers its GCash service with an “electronic wallet” feature that allows users to send and receive cash and make payments, including bill payments, donations and online purchases via texting.

Globe Telecom had more than 19 million subscribers as of the end of September 2007 and close to half a million active GCash users.

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