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May 26, 2022
On the web
Visa and Western Union Kick-Off New Partnership in Consumer Banking With the Launch of WU+ in Romania and Germany
Business Review
“Visa and Western Union today announce a new partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app. WU+ app customers will be able to open a digital bank account and pay across all channels with their Visa Debit card. Western Union, through its partnership with Visa, a global leader in payment technology, is enabling its customers to enjoy the benefits of a unique consumer banking offering. WU+ customers can hold a digital bank account in 13 currencies send and receive money internationally and instantly with other WU+ account holders, for free. At the same time, they can use their Visa Debit card, linked to their account, to pay for purchases where Visa cards are accepted. This means that the app’s users can access both Visa’s global network and Western Union’s vast global retail network for cash transactions.”
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