On The Money - In Brief

Mergers, Acquisitions and Financial Results

-Western Union and Orascom Telecom have teamed up to introduce mobile remittance services across some of Orascom's markets in the developing world. The idea is to offer a 'low-principal, high-frequency remittance service' to its customers. This follows in the wake of the success of Safaricom’s M-Pesa service and shows that for Western Union, it’s case of “if you can’t beat them, join ‘em”.