Western Union Business Solutions to Introduce Electronic Wallet for Small Businesses; Bringing Simplicity to Global B2B Payme...
31 10월 2011 - 9:00PM
Business Wire
The Western Union Company (NYSE:WU), a leader in global payment
services, today announced plans to launch an electronic wallet for
clients of Western Union Business Solutions. The technology
supported by hyperWALLET’s global payment platform will allow
clients using Business Solutions’ Online FX platform to add and
hold funds on balance for future use and enable them to make simple
email payments to international recipients.
“This e-wallet is a huge leap forward for B2B payments. It will
ease critical pain points for small and medium enterprises trying
to compete on a global scale,” said Raj Agrawal, President, Western
Union Business Solutions. “With faster, streamlined transfer
methods, our clients will save on foreign exchange and spend less
time managing payments and receivables, so they can devote more
time to growing their business.”
The electronic wallet will launch in the US and Canada in the
first quarter of 2012. Businesses will benefit from Western Union’s
global compliance capabilities and hyperWALLET’s patented
technology, creating a closed loop ecosystem enabling the reliable
transfer of funds between senders and receivers.
Western Union Business Solutions enables businesses of all sizes
to manage their international transactions, reduce risk, and act on
market opportunities through various services including corporate
FX solutions that include foreign currency payments, currency risk
management consultation and industry solutions.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. The
Western Union, Vigo and Orlandi Valuta branded services are offered
through a combined network of approximately 485,000 agent locations
in 200 countries and territories. In 2010, The Western Union
Company completed 214 million consumer-to-consumer transactions
worldwide, moving $76 billion of principal between consumers, and
405 million business payments. For more information, visit
www.westernunion.com.
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