Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

WESTERN UNION AND VIBER TO PROVIDE CROSS-BORDER  MONEY TRANSFER CAPABILITIES

WESTERN UNION AND VIBER TO PROVIDE CROSS-BORDER MONEY TRANSFER CAPABILITIES

WU® ConnectSM Platform Continues Growth and Expansion; Provides Viber Users the Ability to Send Money to More than 200 Countries and Territories Around the Globe 

The Western Union Company (NYSE: WU), a leader in global payment services, and Viber, a leading mobile messaging app with 664M+ unique users worldwide, today announced an agreement to offer a fast and simple way to send money to friends and family virtually anywhere in the world from the convenience of the Viber app.

Leveraging the recently released WU® ConnectSM platform, the collaboration between Western Union and Viber will focus on three key areas:

  • Send money around the world:  In this first release, Viber users in the United States will be able to send up to US$499 for pickup at more than 500,000 Western Union® Agent locations in 200+ countries and territories.
  • A user experience for the messaging world:  Western Union and Viber have created a money transfer experience that will start and complete within the messaging screen of Viber users.
  • Integrated solutions:  The solution leverages robust technology, foreign exchange conversion, data management, as well as regulatory, compliance and anti-money laundering infrastructure, to expedite efficient and timely money movement almost anywhere in the world.

“Through this alliance with Viber we continue our positive momentum to increase the numbers of ways to move funds into our global FinTech cross-border platform, expanding our digital omni-channel network,” said Hikmet Ersek, President and CEO, Western Union.

“Our users are already using Viber to stay in touch with friends and families worldwide, so the ability to send money to loved ones through the app is a natural next step,” said Michael Shmilov, Chief Operating Officer, Viber. “Viber’s alliance with Western Union is our first step into this direction and it gives our users a new way to quickly and conveniently send money to friends and family.”

“The WU Connect platform offers an opportunity to create more meaningful and engaging relationships for users of third-party digital platforms and is really a win-win for both Western Union and the companies we work with,” said David Thompson, EVP and CIO, Western Union.  “We are excited to integrate the WU Connect platform into Viber’s messaging service and look forward to growing the capability moving forward.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post