Western Union has continued to ramp up its mobile vendor program to extend the reach of its services and launch mobile finance initiatives worldwide.

YellowPepper is delivering mobile financial services, which the company claims has emerged as critical to the development of Latin America’s economy.

Money-transfer giant the Western Union Co. is extending the reach and accessibility of its money transfer services with mobile finance initiatives in Latin America, Africa, the Middle East and Asia.

YellowPepper, a provider of mobile financial services in Latin America, has launched YellowPepper Mony, a new service targeted to the unbanked.