
Western Union has announced that consumers in a number of countries can fund online and mobile Western Union Money Transfer transactions using their bank accounts. The countries include: Austria, Belgium, Germany, the Netherlands and the United Kingdom.
The new addition to Western Union’s online and mobile bank account-based services enables senders to tailor transactions according to their needs, these included: speed of delivery, method of payment, cost of service and consumer preference on the receive side of the transaction.
The new funding option enables account-based payment for online money transfers to more than 200 countries and territories via integration with online banking portals. Senders can direct send their money transfers into a receiver’s bank account in certain countries.
“Western Union continues to develop online capabilities that cater to the high-principal, account-based customer,” said Khalid Fellahi, Senior Vice President and General Manager, Western Union Digital. “Providing bank account-based funding options expands our relevance to a wider customer set and makes WU.com a compelling choice for banked customers worldwide.”
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more