STOCK TITAN

Western Union Enables International Money Transfers for Morocco Earthquake Victims and Relief Donations

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Consumers can now use Western Union's international money transfer services to donate directly to the Government of Morocco's special fund for earthquake relief efforts. Zero transfer fees to Morocco will be applicable to donations made to the fund. The offer is available until Oct. 11, 2023.
Positive
  • Consumers can donate directly to the relief fund with zero transfer fees, which may encourage more donations.
  • Western Union's zero transfer fee offer may attract consumers to use their services for donating to the relief efforts.
Negative
  • None.

Zero money transfer fees available to consumers who would like to donate towards relief efforts in Morocco.

CASABLANCA, Morocco--(BUSINESS WIRE)-- Western Union today announced that consumers can now use its international money transfer services to send donations directly to the Government of Morocco’s special fund in support of victims and relief efforts.

Donations

In response to the devastating earthquake that struck the Al-Haouz region of Morocco on Sept. 8, the Government of Morocco established a special fund, numbered 126, as part of its national efforts to implement emergency measures.

Consumers around the world can now donate directly into this fund using Western Union’s money transfer services, to support the victims of the earthquake as well as ongoing relief efforts. Details of the special fund account can be accessed here1.

Zero Transfer Fees2

Western Union’s zero transfer fees to Morocco, announced on Sept. 13, will be applicable to donations made to the special fund. It also remains open to consumers paying into bank accounts, as they send money to their loved ones in the country.

Zero transfer fees to Morocco applies to money sent from Western Union services across its global network though all available digital channels and retail locations. It is available until Oct. 11, 2023.

“It is humbling to see the pace at which recovery and relief efforts have been taking place since the devastating earthquake hit the Al-Haouz region and surrounding areas of Morocco,” said Mohamed Touhami el Ouazzani, Head of Africa at Western Union. “As the country moves forward, all of us – people and organizations combined - must continue doing whatever is within our means to support. Western Union stands in solidarity with the people of Morocco. We know that consumers globally would like to donate towards supporting victims and the relief process. We hope that being able to use Western Union’s vast global network, alongside our zero transfer fee offer, will enable them to do just that – seamlessly and reliably.”

About Western Union

The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

1 https://www.finances.gov.ma/en/Pages/detail-actualite.aspx?fiche=6625
2 Western Union also makes money from currency exchange.

Media contacts:

Saadia McGlinchey; Saadia.McGlinchey@wu.com

Source: The Western Union Company

The Western Union Company

NYSE:WU

WU Rankings

WU Latest News

WU Stock Data

3.62B
336.72M
0.3%
93.8%
5.91%
Credit Services
Services-business Services, Nec
Link
United States of America
DENVER