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“Our cross-border real-time money transfer and payment capabilities are offering more connections across the international payments landscape, especially in developing and emerging markets. The company aims to enable 100 countries for real-time capability by the end of 2020. The capability is available for the firm’s customers and clients across its branded, co-branded partner, and white-label partner money transfer & payments businesses.
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WU’s expansion of its global network for real-time money movement and payments puts the company at the forefront, of the real-time payments ecosystems. By leveraging a combination of cross-border connections and our unmatched platform strengths, including global processing, compliance, and settlement capabilities, we can meet the increasing demand from global consumers and businesses for fast, transparent, and reliable cross-border real-time payments,” said Western Union President of Global Network Jean Claude Farah. We are making the experience leaner, faster and less complex for consumers, businesses, and our partners. “We are making it easier to make payments cross-border in real-time for an expanding array of consumer and business needs across the world by building an expansive funds collection and distribution network. The firm has also expanded its account-based payout options, including bank account, wallet, or card payout in over 120 countries with real-time payment speeds in 80 of these countries.
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Western Union, a global leader in cross-border, cross-currency money movement and payments, has expanded its global digital network for funds payout and increased the availability of real-time payouts, accelerating the company’s goal of building funds collection and distribution network to meet the growing customer demand for transparency, immediacy, and reliability. Jean Claude Farah, Western Union President of Global Network