A leader in international cross-currency money movement and payments – Western Union launched its digital platform – WU.com in India on Monday. Launched in association with one of the leading banks in India – YES BANK, the costumers, can now send or pay money globally 24*7 through WU.com.
Through the digital platform, the costumers can conclude their transactions to send money into accounts across the countries across several parts of the world from their national bank accounts. The costumers can send money and can make payments in North American, Europe, Middle East, Asia Pacific and parts of Latin America.
The recent development comes after Western Union decided to expand its services to the emerging markets as part of its strategy to expose the company to new growth areas. To enable international payments faster, the company is leveraging its core cross-border assets including technology systems, global settlement capabilities, compliance and network.
During his visit to India, Hikmet Ersek, CEO, Western Union, said, “Western Union already has a strong brand and presence in India. By implementing new digital outbound payment options, we are empowering the rising middle class in India to create a borderless world through the ease of digital global money movement and enable economic opportunity globally.”
Asit Oberoi, Global Head – Transaction Banking, YES BANK said, “YES BANK is pleased to collaborate with Western Union on offering outbound remittance services. We are well poised with the next phase of solutions to cater to the burgeoning cross border outward remittances business with Western Union. This co-created solution is an extremely comprehensive one as it brings together all electronic payment mechanisms to the common benefit of Western Union’s customers through a single-window interface for remittances.”
About Western Union
A global leader in cross border, cross-currency money movement – Western Union Company, the company’s omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of June 30, 2019, the company’s network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services across 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com is one of the fastest-growing channels in 2018 and is available in more than 70 countries, plus additional territories, to move money around the world. Through its global reach, Western Union is enabling financial inclusion and supporting growth for better, connecting family, friends and businesses. For more information, log on to www.westernunion.com.