Western Union partners with Chinese fintech company
by Lisha S. Finance & BusinessWestern Union and Du Xiaoman Financial launched Western Union
international money transfers to be paid out in real-time now into even more
bank accounts in China.
The article recently published in PaySpace
Magazine also states that the coverage is now extending to a
majority of bank account holders across China.
Western Union’s digital services cover 75 countries plus territories,
whereas the walk-in Agent network available across more than 200 countries to
send an international transfer.
Account payout of transfers in China allows Western Union to partner
with an expanding base of national and international tech leaders. It provides
global settlement capabilities, vast network, compliance and technology
systems, enables international cross-border transfers with customer-facing
innovation.
“We are advancing our goal to comprehensively serve consumers money
movement and payment needs. We are enabling cash-in to cash-out or account payout;
from one bank account to another; from a debit card to a digital wallet. We are
making this happen by working with national and international partners across
borders and building the world’s ultimate agnostic network for cross-border
money movement and payments via a combination of physical and digital touch points.”,
PaySpace Magazine quoted Jean Claude Farah, the President of Western Union.
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Created on Jan 23rd 2020 01:08. Viewed 559 times.