The integration of Western Union’s network, which spans over 200 countries and territories, allows money transfers directly into Penny Pinch wallets. Credit: T. Schneider/ Shutterstock.

Eastern Caribbean’s digital wallet provider Penny Pinch has partnered with Western Union to support international money transfer services.  

This collaboration enables customers in the region to send and receive money globally through the Penny Pinch app.  

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The integration of Western Union’s network, which spans over 200 countries and territories, allows money transfers directly into Penny Pinch wallets. 

Customers of Penny Pinch now can send funds to bank accounts and mobile wallets worldwide, as well as for cash pick-up at various locations abroad.  

The alliance leverages Western Union’s established presence in St. Lucia, aligning with the company’s digital strategy focused on product innovation, scalable investments, and partnerships with FinTechs. 

Penny Pinch users can earn cashback, enjoy rewards from retailers, access exclusive coupons, and make cashless payments.  

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Western Union vice president and Caribbean general manager Patrick Rawle stated: “Western Union has always been a proud supporter of the people and communities of St Lucia and the Eastern Caribbean region. Collaborating with Penny Pinch takes us further forward in that support by bringing the strength of our global money movement network through accessible and reliable digital channels. Digital transformation sits at the heart of this region’s economies, and we are thrilled to be part of such an exciting journey.” 

Penny Pinch CEO Martin Hanna stated: “At Penny Pinch, we believe in transforming the way the world connects through payments, making everyday transactions seamless and empowering you to manage your finances effortlessly, anytime, anywhere.”  

In Q4 2024, Western Union reported a net income of $385.7m, up from $127m in the same quarter of the previous year.  

For the full year of 2024, the company’s net income stood at $934.2m, marking a 49% surge from $626m in 2023.