A great opportunity to expand into the French market
Western Union has completed the acquisition of the French division of cross border payment company Travelex Global Business Payments (TGBP) (view press release). The acquisition was planned to close following Western Union’s global acquisition of TGBP due to regulatory and licensing requirements which have now been completed.
“France is a key international payments hub… We see a great opportunity to expand into the French market and offer an innovative service that will allow small and medium-sized businesses (SMEs) a strong solution for doing business around the world,” said Raj Agrawal, president of Western Union Business Solutions.
Western Union’s SMB clients in France cover industries including import and export, travel, high-tech, legal, and non-profit and educational institutions. Western Union Business Solutions enables companies to send and receive international payments and manage foreign exchange through tailored solutions.
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