Global payments giants Western Union and Visa teamed up with Aboitiz-led Union Bank of the Philippines to roll out a prepaid card meant to serve consumers that are otherwise not served by the traditional banking system.
Western Union is launching this year two new services in the Philippines to leverage on the continually strong remittance from overseas Filipinos. Patricia Z. Riingen, a senior vice president at Western Union, said in an interview that the financial service firm was looking at opportunities in new channels like prepaid cards and bank account-based money [...]
