Western Union and Hyperwallet Forge Strategic Alliance to Address the Global Mass Payments Market
23 3월 2015 - 9:00PM
Business Wire
Western Union Business Solutions (WUBS), a division of The
Western Union Company (NYSE:WU), in conjunction with Hyperwallet,
today announced the launch of a new global mass payments product.
This new product integrates key strengths of each company that come
together to help change the way large volumes of
business-to-consumer payments are made.
The Western Union Business Solutions mass payments product aims
to redefine the way global business-to-consumer payments are made
by addressing key cross border payment challenges and opening up
new global commerce opportunities in four key areas:
- Hyperwallet’s payments technology
solution enabling sender and receiver directed payments.
- Western Union’s global distribution and
scale, across 200 countries and territories.
- The Western Union Business Solution
global bank network enabling payments in over 130 currencies.
- The Western Union Business Solution
integrated FX management and advanced treasury services to help
manage the risk associated with foreign currency volatility.
Hyperwallet’s proven Mass Payments technology, enabling
best-in-class receiver experience, coupled with Western Union
global payments and FX services capabilities, providing worldwide
reach, transactional scale and enhanced regulatory and compliance
capabilities, will enable new ways of doing business by opening a
payments hub for emerging participants in the global economy and
allowing companies to achieve greater visibility, certainty and
efficiency in their financial operations.
“Western Union has one of the most comprehensive payments
ecosystems in the world, connecting businesses and consumers with
financial choice. Whether they want to send one or a million
payments to a bank account or cash location, we have a solution,”
said Kerry Agiasotis, president, Western Union Business Solutions.
“By integrating our payments ecosystem with Hyperwallet’s platform,
we have enabled a mass payment product that will help change how
global payments are made today, while helping meet the rigorous
compliance demands faced when making global payments.”
Peter Burridge, President & Chief Commercial Officer,
Hyperwallet, said, “While some payment products are limited by
geographic coverage and method, Hyperwallet is focused on providing
breadth of coverage and depth of payment delivery options to meet
real world industry challenges. Today, multiple payment types are
mandatory to achieve global coverage.
Integrating the Western Union global bank and cash network with
Hyperwallet’s mass payment technology is a game changer, bringing
the agent network into the corporate domain to provide solutions
the market is desperate for.”
The Western Union Business Solutions mass payments product
delivers on Western Union’s and Hyperwallet’s shared vision for
providing a platform where payors and recipients have full
visibility and certainty of their payments, while providing a
best-in-class end-user experience.
About Western Union Business Solutions
Western Union Business Solutions enables companies of all
sizes to send and receive international payments and manage global
cash flow, creating unique solutions tailored to suit their
individual needs. It is a business unit of the Western Union
Company (NYSE: WU), a leading nonbank provider of cross border
payments, which offers Business Solutions services in over 30
countries. Clients are supported by a network of trading offices,
strategic banking relationships and a global clearing network and
can send cross-border foreign exchange payments in more than 135
currencies.
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. As of
December 31, 2014, the Western Union, Vigo and Orlandi Valuta
branded services were offered through a combined network of over
500,000 agent locations in 200 countries and territories and over
100,000 ATMs and kiosks. In 2014, The Western Union Company
completed 255 million consumer-to-consumer transactions worldwide,
moving $85 billion of principal between consumers, and 484 million
business payments. For more information, visit
www.westernunion.com.
WU-GWU-F
Western UnionDan Diaz, +1 720-332-5564Corporate
Communications
Western Union (NYSE:WU)
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