The ultimate means of communication is mobile - that's where all the world is moving to. digital strategy, but really about providing whatever the consumer needs, whenever they need it. They can go into a Western Union location, pay for Skype, and connect. We're now enabling underbanked and unbanked people to connect wherever they are using Skype.

This is one more important step toward our vision.

TheStreet: What does this Skype deal represent for Western Union's forward vision and strategy? Is this a diversification play or a deepening of your commitment to digital?Īlmeida: Strategically, we remain focused on being a leader in cross-border, cross-currency money transfers for consumers and businesses. The Street spoke with Odilon Almeida, president of the Americas and European Union at Western Union, to learn more about the significance of the latest agreement, the importance of partnerships in general and Western Union's vision for the digital money transfer and payments space. Both partnerships underscore the money transfer company's broader ambitions in the digital payments realm. The deal with Skype comes on the heels of Western Union's recently announced money-transfer partnership with Apple's Apple Pay.

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