WU Expands Online Service - Analyst Blog
04 2월 2013 - 11:40PM
Zacks
World’s leading money-transfer company, Western Union
Co. (WU), has announced that it will provide its Direct to
Bank service in China and Canada.
The service enables a consumer to send a transaction from an agent
location directly to a bank account. Globally, the company has
relationships with over 80 banks that have agreed to this service,
primarily through their online banking portals.
The service will now be available in China, such that the customers
in the region will be able to receive money direct into their bank
accounts when the money is remitted from U.K. from the company’s
online site westernunion.com.
Over time Western Union will extend its service to add more ‘send’
locations to enable Chinese customers to get funds from more
locations other than U.K., while Canadians will now be able to
receive money remitted to them directly into their bank
accounts.
With this digital expansion, the company has broadened its service
by allowing customers greater flexibility to send money through its
online channel – westernunion.com from 23 countries into bank
accounts in up to 46 countries.
The company is aggressively seeking to make available its
Direct-to-Bank service to more agent locations in more countries
this year.
Western Union is advancing development of the electronic methods of
remitting money that provide a fast easy, flexible and safe option
of transferring money from one place to another.
Other companies like Moneygram International
Inc.(MGI), Citigroup, Inc. (C),
HDFC Bank Ltd. (HDB) also offer online money
transfer service internationally and are worth considering.
CITIGROUP INC (C): Free Stock Analysis Report
HDFC BANK LTD (HDB): Free Stock Analysis Report
MONEYGRAM INTL (MGI): Free Stock Analysis Report
WESTERN UNION (WU): Free Stock Analysis Report
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