The new direct foreign-exchange capability will be provided by Western Union Business Solutions, the business payments unit of the Western Union and will be available to all companies that use the MasterCard Business Network.
The joint offering will be available in the US. Customers will have access to an online foreign payments portal, which will allow them to send international payments in over 135 currencies directly from their bank account to a foreign recipient’s bank account from a computer, tablet or mobile phone.
In 2011, MasterCard and the Western Union Company joined forces to allow consumers around the world to make electronic payments, including prepaid cards and money transfers.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now