Western Union Says It Has Doubled the Money It Moves in Peru
Western Union says it has doubled its Peru volumes in two years, while digital transfers have grown to more than 20 percent of outbound traffic. The post Western Union Says It Has Doubled the Money It Moves in Peru appeared first on The Rio Times .
Western Union has reportedly doubled the money it moves in Peru over the past two years, according to a country manager's interview with the Peruvian business daily Gestion. The exact figure was not disclosed, but the company did not specify whether the doubling refers to transfers sent out of Peru, the number of transfers, or a combination of both.
Digital transactions now account for more than 20 percent of outbound transfers from Peru, up from around 10 percent, the company also reported. The shift to digital channels is part of a regional trend, with fintech services gaining market share from traditional agents across Latin America.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
