Western Union Teams Up with Thunes to Expand Payout Capabilities to Mobile Wallets

Western Union Teams Up with Thunes to Expand Payout Capabilities to Mobile Wallets
19.03.2019 06:27 am

Western Union Teams Up with Thunes to Expand Payout Capabilities to Mobile Wallets

Money Transfers

Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, has teamed up with Thunes, a cross-border payments network for emerging markets, to enable Western Union customers to send funds directly into mobile wallets around the world.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190318005639/en/

Senders can now utilise Western Union’s growing digital network or an agent location to send funds directly into a recipient’s mobile wallet.

“We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets,” said Sobia Rahman, Global Head of Account Payout Network for Western Union. “Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.”

The collaboration will enable greater financial access for consumers - especially those who lack access to traditional financial services - by connecting them to alternative payment solutions, such as mobile wallets, that ultimately help drive better financial inclusion on a global scale.

"We are delighted to be working with Western Union to provide global reach for their customers,” said Steve Vickers, CEO at Thunes. “Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast networks, Western Union customers will now have more flexibility when sending money across borders.”

Related News

TransferGo becomes first to offer same day international money transfers on the weekend

TransferGo, one of the world’s fastest growing money transfer companies, today announced that it has launched an ‘extended hours’ service, enabling customers to make same-day... Read more »

WorldRemit enables remittance receivers to manage their money on their phones

Leading online money transfer service WorldRemit (https://www.... Read more »

InstaReM signs Thailand’s KASIKORNBANK

InstaReM, a leading digital cross-border money transfer company with a global presence,has announced that it will now... Read more »

TransferGo reaches 1,000,000 customer milestone

TransferGo, one of the world’s fastest growing money transfer companies, today announced that its global customer base has surpassed one million and continues to grow by more... Read more »

Ripple Partners with Ria Money Transfer to Power Instant Global Payments

Ria Money Transfer, a subsidiary of Euronet Worldwide, has joined ... Read more »

Open Banking? Let’s talk about the power of Open Finance

Industry experts laid out their vision for the future of fintech partnerships and what this means for consumers at a breakfast event hosted by ... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel