Collaboration will aim to enable refugees to send and receive funds digitally
Mastercard and Western Union have teamed up to help refugees around the world access goods, services and financial services within refugee settlements.
Paybefore, Banking Technology‘s sister publication, reports that the partnership will explore ways to use a digital model to serve the more than 65 million people around the world currently displaced from their homes due to political conflict and natural disasters.
The collaboration will aim to enable refugees, their host communities and donors to send and receive funds digitally, creating more transparency and long-term empowerment of refugees, according to Mastercard and Western Union.
Over the past year, the firms studied a pair of settlement camps in northwestern Kenya to examine the needs, challenges and opportunities for refugees and their host communities. The findings led to the development of “Smart Communities: Using Digital Technology to Create Sustainable Refugee Economies”, a blueprint designed to serve refugees by combining digital access to remittances, banking, education, health care and other basic needs in way that is “unified and trackable”.
The model emphasises digital solutions including the delivery of mobile money, digital vouchers and prepaid cards, notes Maureen Sigliano, head of customer relationship management, Western Union. “The goal is to drive personal empowerment, stimulate growth and promote social cohesion among the world’s refugee populations, while driving better governance and transparency,” she says.
Both Mastercard and Western Union are founding members of the Tent Partnership for Refugees, a coalition of more than 70 companies committed to addressing the global refugee crisis.
“The private sector is uniquely positioned to bring greater innovation and ingenuity to this crisis,” says Gideon Maltz, executive director of Tent. The Mastercard-Western Union initiative “reflects the contributions that companies can make when they identify problems, collaborate with each other, and work tirelessly to find and fund scalable solutions to fix them,” adds Maltz.
Yesterday (21 June), Banking Technology reported that the Mastercard Foundation Fund for Rural Prosperity (FRP) launched a new competition to find financial products and services that improve the lives of poor people in rural areas of Africa.
- 1 CardsLogin – Login pages of Credit Cards, Special Cards and Prepaid Cards
- 2 Western Union Launches My WU Prepaid Card Jointly with Lottomatica and MasterCard in Italy
CardsLogin – Login pages of Credit Cards, Special Cards and Prepaid Cards
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Western Union NetSpend Prepaid MasterCard is different from other credit cards with one special feture – you can transfer money using it. Western Union is well-known as a money-transfer company worldwide.
Of course this card gives you the usual fetures that are presented by a simple credit card: paying your bills, managing the statements, online purchases and more.
Due to the fact this card is prepaid, you don’t need to keep your balance recharged by an exact amount.
Also one of the advantages while using this card is the special promotions from different partners. And when you use this promotions and buy different things, you often get cash back rewards.
You can access Western Union 24/7 on the go.
How to login to Western Union NetSpend Prepaid MasterCard Account
Follow the steps written down below to access your account:
- Click the “Go To Login” button above and you’ll be forwarded to the login page.
- Input your Username and Password in the corresponding fields.
- Click the “Log In” button and you’re done.
How to login to Western Union NetSpend Prepaid MasterCard Account using a mobile device
How to download and use the WU mobile app:
- Open the application store and find the “Western Union NetSpend Prepaid” application.
- Download the app and install it.
- Open the application and type in your Username and Password
- Tap the “Log In” button.
How to login using a mobile browser:
- Open the same page as from computer by clicking on the button above the login nstruction.
- Type your credentials in the empty fields and tap “Log In”
If you forgot some of your data for entering your account, do the following steps to recover it:
- Open the login page by clicking on the button at the begining of this page.
- Find the text saying “Forgot your username or password?”
Western Union Launches My WU Prepaid Card Jointly with Lottomatica and MasterCard in Italy
Lottomatica, the brand through which GTECH S.p.A operates in Italy, is one of the most trusted and well-known brands in Italy, is the first company in Europe to join the Western Union® Global Share platform. The platform, announced earlier this year, enables Western Union to introduce new stored-value solutions in markets around the world by joining forces with local companies.
The My WU prepaid card is designed to serve the more than 4 million registered migrant workers in Italy who need convenient access to financial services. The cards will be available at 15,000 Lottomatica Carta Lis locations throughout Italy and online at www.wu.com/it/mywu/prepaid. Customers also will have the option to reload their My WU prepaid cards at more than 22,000 locations and over 10,000 ATMs across Italy.
“The launch of the My WU card in Italy is part of our global strategy to leverage our wide-reaching, powerful and trusted brand – along with brands such as Lottomatica and MasterCard – to better serve the financial needs of our core customers around the world,” said Diane Scott, Executive Vice President, Chief Product and Marketing Officer, Western Union. “Through the Western Union Global Share platform, we look forward to continuing to develop innovative solutions that address the unmet financial services needs of customers worldwide, while adding more choices and convenience.”
The My WU card will offer customers in Italy who do not have bank accounts the ability to send money transfers, receive direct deposits from their employers, make retail purchases in shops and online outlets that accept MasterCard as well as to withdraw money from ATMs across Italy. My WU cardholders will also be able to fund Western Union Money Transfer transactions using their cards at Lottomatica locations where the service is available, while also benefiting from the advantages of Western Union’s consumer loyalty program.
“We have created a prepaid card that is primarily targeted at migrant workers in our country,” said Sergio Signoretti, CEO of CartaLis Imel, “and have made it available through our retail network. Market research shows that one of the priorities for migrant workers is access to financial services and to send money to their home country.”
In 2011, MasterCard and The Western Union Company announced a global agreement to help make electronic payments, including prepaid cards and money transfers, more efficient and convenient for consumers around the world. Carlo Enrico, group executive, strategy and development, MasterCard, said “we view the introduction of this service in Italy as a significant advancement in our joint efforts to support financial inclusion around the world.”
Mastercard Inc (NYSE:MA), The Western Union Company (NYSE:WU), bKash and BRAC Bank today announce the launch of a new, international remittance receiving service in Bangladesh.
The new service enables bKash’s registered customers to use their mobile phones to get remittances from abroad directly into their bKash accounts. bKash has attracted more than 22 million customers since its launch in 2011.
Now people across the world can use Western Union’s global network for sending cross-border remittances that can be received by bKash customers directly onto their mobile phones or collected from a Western Union Agent location.
MasterCard provides the real-time, back-end solution via its MasterCard Send Platform, which, by connecting bKash, BRAC Bank and Western Union, helps to further bolster the efficiency and reliability of the end-to-end remittance process.
By using the new service, bKash’s registered customers can receive remittances from every Western Union send market and channel directly into their bKash account, 24 hours a day. The process is simple to use – customers simply enter the Western Union money transfer control number (MTCN), amount and bKash PIN and the request will be processed using MasterCard’s secure payment technology and funds credited to the bKash account.
The service accepts single transaction remittances of up to BDT 35,000 (about US$500); up to BDT 115,000 (approximately USD $1,500) over five transactions per customer per day; and combined monthly remittances of up to BDT 150,000 (approximately US$1,900) and a maximum of 20 transactions a month.
Once the transfer is completed, the funds can be accessed instantly. Customers can then either cash out the money via bKash agent locations across the country, or can utilize the account balance to make person-to-person fund transfers, top-up mobile airtime, pay bills and shop in-store. They can also store the money in their bKash accounts and earn interest on savings.
Kamal Quadir, Chief Executive Officer, bKash said:
“We are excited to launch the new remittance service together with MasterCard and Western Union, who are leaders in their respective fields, allowing people in Bangladesh to receive money into their bKash accounts from their friends and families abroad, 24/7. It brings tremendous value to Bangladeshis living at home and abroad.”
You can view the full announcement on the partnership by clicking here.