The Belize Chamber of Commerce, Western Union, and DigiWallet have teamed up to launch the country's first direct-to-wallet money transfer service. The new feature offers greater ease and accessibility for wire service users. At today's official launch, the partners shared more on how the service will work.
Monique Ford Vicente, Marketing Manager, Digi Wallet "So last year we approached the Chamber of Commerce with an interest to offer remittance to the Belizean public, and so with that, that was how the collaboration was born. You know, we met with them and they guided us through everything we needed to do, and with our innovation teams we did what we needed to do to have it available in the Digi Wallet app."
"So the app traditionally has been a payment service provider, you can pay your bills, you can purchase stuff and you can pay at merchants. We have over 1500 merchants countrywide and growing. What Digi Wallet is now venturing into is wallet adjacent services which means we are looking at offering services that provide more access, more convenience. A lot of these things our app can do is just creating the correct format for them to perform it for the public."
"So this past Monday the 5th of may, all Belizeans who have a digital wallet account now have access to the digital wallet feature to the Western Union feature. So if you open your digital wallet app you will see the western union button on your home screen once you select the button you will be presented with the Western Union form whereby you just input the regular requirements, your MTCN, the relationship of the sender to you, the purpose the amount and then you press submit. Within ten minutes, maximum 20 minutes you will receive your Western Union funds in your digital wallet account. There is no additional fee outside of this so there is no fee when you go to the physical store and there is no fee when you utilise it with the Digi wallet account."
Akmar Codd, Business Development Manager, BCCI "We have noticed that there are different ways of moving money, we are Western Union we have been moving money for quite some time it's the fastest and easiest way to move money so we have noticed new ways to move money, wallets so we have this wallet in Belize we have digital wallet and so we saw it fit to partner with them and they reached out to try to move this initiative forward, it's something that has been introduced within the region and so we in Belize we are catching up on this, it's just the way that we think we need to go it's accessibility it has the ease of doing business, it really gives our customer's options and that's one of the things we are very big on right so that is one of the key reasons for moving forward."
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The Belize Chamber of Commerce, Western Union, and DigiWallet have teamed up to launch the country's first direct-to-wallet money transfer service. The new feature offers greater ease and accessibility for wire service users. At today's official launch, the partners shared more on how the service will work.
"So last year we approached the Chamber of Commerce with an interest to offer remittance to the Belizean public, and so with that, that was how the collaboration was born. You know, we met with them and they guided us through everything we needed to do, and with our innovation teams we did what we needed to do to have it available in the Digi Wallet app."
Akmar Codd, Business Development Manager, BCCI