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Western Union expands real-time payout capabilities in 100 countries

Tuesday 24 November 2020 07:54 CET | News

Western Union has expanded its real-time digital payout capabilities into 100 countries reaching billions of bank accounts.

The expansion of real-time payout into bank accounts, wallets and cards was announced in 2019, the company revealing the goal of reaching the 100-country milestone in 2020.

Expanding real-time payout capability is a key focus of the Company’s digital growth strategy which centers on growing its digital services offered through westernunion.com and digital partnerships. The company's digital partnerships, are characterized by enabling third-party entities to use Western Union's global cross-border, cross-currency platform.

Western Union aims to offer multiple real-time pay-in and payout options worldwide through its cross-border, cross-currency platform that integrates local regulation, compliance, channels, currency, and language.

Western Union reported Digital transaction growth of 96%, including 53% for WesternUnion.com, The Company led its peer group for mobile app downloads with a wide margin and reported strong customer engagement with WU.com's average monthly active customer growth of 47%.


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Keywords: Western Union, cross-border payments, remittances, payout, online payments
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce