Western Union, RadioShack To Offer Mobile Money Transfers

Western Union is teaming up with Radio Shack and a small wireless company to offer a service that lets people transfer money and pay bills through pre-paid cellphones. The Wall Street Journal reports.

"The service is aimed at immigrants in the U.S. who regularly send money to family members in their native countries. Many of these immigrants don't have bank accounts and send the money by taking cash to a money-transfer service such as Western Union or a host of other firms."

emily | 8:47 PM | SMS and Banking |
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