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Plata Card is a Mexican fintech company and digital bank founded in 2022, dedicated to transforming financial services in Mexico. The company focuses on simplifying access to credit and financial products for underserved populations, emphasizing inclusivity and personalized service. With a team of over 700 employees, Plata Card has quickly grown to serve over one million active credit card users. Plata Card offers a range of services, including credit cards backed by MasterCard, a competitive cashback program of up to 15%, and Buy Now, Pay Later (BNPL) options that allow customers to extend payment cycles. The company’s digital banking platform utilizes artificial intelligence to provide a user-friendly and reliable financial experience. Recognized as a fintech unicorn, Plata Card has raised significant capital and aims to become the primary financial relationship for Mexican consumers by delivering accessible and secure financial products.
Western Union is a multinational financial services corporation based in Denver, Colorado. Founded in 1851, the company initially operated as a telegraph service before transitioning to focus on global money transfer and payment services. It has a long history of innovation in communication and financial services, having pioneered technologies such as telex. The primary service offered by Western Union is money transfer, which allows customers to send money across various locations. Additional services include prepaid cards, bill payment solutions, in-country transfers, and online money transfers through its digital platform. The company also provides traditional payment instruments like money orders. Western Union serves a diverse customer base, including both consumers and businesses, and operates through various branded services worldwide. With a vast network of agent locations, it plays a vital role in facilitating cross-border money transfers, particularly for immigrants sending money home.
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