How to franchise a western union outlet in philippines

Easily manage your money, pay your bills, buy load, send and receive money with Western Union and many more through your mobile device.

Last Updated: June 18, Approved. This article was reviewed by Alex Kwan. There are 11 references cited in this article, which can be found at the bottom of the page. This article has been viewed , times. Western Union is a money and message transfer service based out of the United States, with agents all around the world. Anyone interested in becoming a new agent must apply and be accepted through Western Union's corporate headquarters. Learning how to become a Western Union agent can help create a lucrative opportunity for your business.

How to franchise a western union outlet in philippines

The inflow of their remittances increases the foreign exchange supply available in the system and with this generates the foreign currency requirements of the economy which at the same time induced consumption expenditures. This actually creates demand and expands domestic production. Thus, there is an increase in ratio to gross domestic product GDP boosting economic growth. This is why the demand of remittance centers in the likes of Western Union has been tremendously increasing throughout the country in the past years. Western Union in particular partners with other financial agencies to deliver its services such as money transfers and money orders and even bill payments. By being a Western Union agent in your community, you get to be of service to families of OFW and at the same time earn income from the transaction. This is also one great opportunity for a business venture. Read the details below as it might interest you. Western Union has been in the business of transferring money since It is a private subsidiary of First Data Corporation, a payment services company that specializes in the transfer of money from one location to another. Through its vast networks, individuals and businesses are able to transfer money and make payments electronically or through money orders convenient, fast and without hassle. Annually, it sells more than one billion money orders globally. This vision is realized through their global cross-border platform supported by a multi-channel network, built on ever-evolving technology, trusted relationships with agents and partners, and global compliance capabilities.

Some shops also offer services such as lamination and rubber stamp making.

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Money transfer is getting popular nowadays because it is the easiest and convenient way of money remittance for both local and foreign currency. In fact, it helps in the economic growth of the country. Western Union is one of the money remittance or transfer centers that is well-known in the Philippines. This company has partnership with other financial agencies to efficiently provide services like money transfers, money orders, and bill payments. Read also: How to Start Expresspay Franchise. The good thing is that Western Union welcomes interested individuals who want to partner with them or simply to become an agent. This is a profitable business opportunity to consider. The most feasible candidates to become a Western Union agent are those who have existing retail business such as convenience stores, financial service providers, travel agencies, pawnbrokers, etc. Anyone who is interested can enroll and register at the official website of Western Union to become an accredited and official agent. Fill out the online form that you can find in the website and submit it.

How to franchise a western union outlet in philippines

Money remittance centers are not new to Filipinos. They are convenient and cheaper compared to banks and other financial institutions and they offer their services often for a small fee. Several remittance centers offer a variety of services apart from money transfer services for their customers in the country or abroad. In fact, the Philippines is known to be the fourth largest nation to receive remittances from OFWs. In fact, Bangko Sentral ng Pilipinas recorded a remittance growth of 7.

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Western Union History Western Union has been in the business of transferring money since What is a franchise? September 21, at am. Skip to Content. Jade Abalde says:. Bella M. The solution may lie in franchising: Through this model, business owners can avoid starting from scratch and ease some of the difficulties all new businesses face during the initial stages of operation. All you have to do is to register and enrol online to become an official and accredited agent. Franchise package: The expansive network of fruit-related products currently offers a flexible franchise all-inclusive package. Hipo how much po ang cost ng franchise fee? Rosalie M. If wikiHow has helped you, please consider a small contribution to support us in helping more readers like you. It's free to enroll in the AgentPortal, and being enrolled will make it easier for you to order supplies, access training and fraud-prevention information, report your money transfers, and access customer service assistance. The location of a franchise is critical to its success.

A Western Union franchise is a business very much associated with Filipino society. About 10 million Filipinos work and live abroad and most of them regularly send money to families in the Philippines. In addition to this huge market for remittance business, domestic transactions such as stay-at-home retailers, parents sending money to children studying in big cities, and other financial transactions taking place locally make use of remittance channels.

I have 12year experience in western union about WU transaction. Enjoy being part of a worldwide network. Convenient, fast transaction lahat ng services ni USSC at mabilis din yung mga teller sa branch at the same time convenient din siya para sakin sa pagtransact. It became one of the most popular money remittance or transfer centers in the country, as it signed deals and partnerships with the biggest financial organizations — in order to provide more beneficial services to Filipinos, like bill payments, money orders, etc, and to make all these much more efficient. February 2, at pm. Christine f. This is why the demand of remittance centers in the likes of Western Union has been tremendously increasing throughout the country in the past years. As of now, there are more than across the country. How and how much to operate westernunion may stall ako plengke wala westernunion ditothank you po. All rights reserved. March 3, at pm. Thank you very much.