Since 2016, OXXO and Western Union have together offered inbound remittance services, with the aim of simplifying their customers’ lives.
An OXXO store with Western Union services in Oaxaca (Credit: Business Wire)
In an ongoing effort to enhance its customer experience and expand its financial services offering, OXXO and Western Union today announced a strengthening of its cross-border remittance services in Mexico. Together, OXXO and Western Union will enable a communication strategy with select concept stores in Oaxaca with Western Union services
Claudia Reyes Armebianchi, Vice President and Head of Western Union Mexico and Central America, said: “At Western Union, in addition to offering secure ecosystems to receive money with 24/7 availability, we want people to easily and quickly identify the different collection points we have, and this branding project in alliance with a recognized partner such as OXXO is the perfect opportunity to achieve this. We will continue to work hand in hand to offer the best services for all our customers.”
As a result of almost eight years of collaboration, OXXO and Western Union have consolidated a close business relationship that allows them to offer a quality remittance service with easy and secure cash withdrawals. This type of action between companies with the same values allows them to be closer to their customers, in addition to supporting financial inclusion in different communities.
With more than 21 thousand stores nationwide, extensive business hours from 6 am to 10 pm, 365 days a year, and commercial partners such as Western Union, OXXO allows its clients to collect up to 4 thousand pesos in a quick, simple, safe, and convenient way at all stores nationwide. To withdraw the money, beneficiaries of the OXXO remittance service must only provide the transfer number shared by the sender from abroad and a valid official identification (for example, voter registration card, passport, and consular card).
From its stores, OXXO seeks to provide everyday solutions and contribute to the economic well-being of its customers. With implementations like this, the stores will not only be spaces for shopping but also places of interaction and connection for the community. In addition, OXXO reaffirms its commitment to its consumers, understanding their needs and offering a wide range of products and services that make their daily lives easier.
Monica De Martino, Cash Management Transformation Leader at OXXO Mexico, said: “We are currently undergoing a technological transformation process to strengthen our capabilities. We are proud to know that, through this service that operates in partnership with Western Union, we contribute to generate a positive economic and social impact that promotes financial inclusion in the communities where we operate.”
International remittances are a fundamental pillar of the Mexican economy, both at the family and national level. In 2023 alone, Mexico reached a historic record by receiving 63.313 billion dollars in remittances, according to data from the Bank of Mexico (BANXICO)1, which represents a 7.6% growth over the previous year.
Source: Company Press Release