10 August 2020

Democratic Republic of the Congo’s value-added services (VAS) company Compagnie Financière du Congo has inked a deal with Western Union to enable more than 4,000 Flash Mobile Wallet Agents to offer global money transfers.

Customers can now send Western Union money transfers internationally through Flash Mobile Wallet Agents, for payment from the former’s network of account, wallet and retail agents.

CFC operates in both the Democratic Republic of Congo and the Republic of Congo and it provides FlashApp, a mobile aggregation wallet application used by its agents to serve customers.

Western Union’s cross-border, cross-currency capabilities have been integrated with CFC/Flash platform to enable money transfers by its agents in the region.

The new ‘Flash my WU’ function will allow agents to send money for pay-out via the Western Union retail agent network in more than 200 countries and territories, or directly via the latter’s access to billions of accounts worldwide.

Flash mobile wallet enables agents to use a single, multi-wallet app to store and send money or make payments locally, thereby bypassing traditional distribution infrastructure.