Western Union and NPCI International sign MoU

Friday 17 December 2021 10:07 CET | News

Western Union and NPCI International Payments Limited (NIPL) have signed a Memorandum of Understanding (MoU) to strengthen real-time bank account payouts in India.

This collaboration will enable customers in India to receive international money transfers in real time into their bank accounts in the country.

Globally, Western Union can process payouts into billions of bank accounts, including millions of wallets and cards across more than 125 countries and territories, with real-time capabilities in 100 of these countries. Additionally, it also offers payout in cash at approximately 600,000 agent locations in 200+ countries and territories. 

According to the World Bank, in 2020, India was the top remittance-receiving country in the world, a spot it has held since 2008. Western Union serves customers via a range of retail and digital solutions in India, facilitating service access for all. 

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Keywords: Western Union, real-time payments, NPCI, banks, remittance
Categories: Payments & Commerce
Countries: India
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