23 Sep

Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets

Western Union’s history as a retail cross border remittance platform is moving money between people, largely via cash, within minutes. Today, Western Union announces that it has expanded its real-time global payments capabilities to include real-time account-to-account transfers to an account or a mobile wallet for select banks or digital wallet providers in 17 countries.

Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases.

“We move money in minutes on the retail side...


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