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BUSINESS

Western Union global platform expands to new partners in Asia

23/10/2019 06:39 PM

KUALA LUMPUR, Oct 23 -- Western Union, a leader in cross-border, cross-currency money movement and payments has expanded its white label offerings to Asia, enabling customers of third-party money transfer companies to pay out through Western Union.

Customers of Japan’s oldest remittance company, KYODAI Remittance and Korea’s leading fintech company, Hanpass became the latest collaborators to move funds globally through Western Union, according to a statement.

Their customers may choose to pay out into billions of bank accounts in more than 100 countries, millions of wallets in a dozen countries or the Western Union® retail Agent network across 200 countries and territories.

“The expansion of our open platform initiative into Asia with leading financial institutions is a decisive step towards the execution of our strategy to tap into incremental growth opportunities,” said Western Union chief executive officer, Hikmet Ersek.

Western Union has opened its cross-border platform to power other brands to move money and enable international cross-border payments in minutes by leveraging its core cross-border assets.

KYODAI Remittance and Hanpass join a growing group of leading global and national brands that have partnered with Western Union to expand or enhance cross-border money transfer and payment capabilities for their customers.

More information at https://www.westernunion.com.

-- BERNAMA


 


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