A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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March 5, 2024
On the web
Visa and Western Union Announce Expanded Collaboration Transforming How Money Travels Cross-Border
Visa
October 31, 2023
On the wires
Paysend Announces Agreement with Western Union to Bolster Global Money Transfer Services
PR Newswire
March 1, 2023
On the wires
Western Union and 7-Eleven México Announce Strategic Alliance to Send and Receive Money Cross-Border
Businesswire
August 9, 2022
On the web
Western Union and Visa Bolster Their Global Partnership
Western Union
“Western Union today announced an update to its existing partnership with Visa, expanding its integration with Visa Direct, Visa’s real-time1 money movement network, into Western Union’s United States network. Western Union’s integration with Visa Direct was initially activated across Europe, allowing Western Union customers in more than 20 countries to send and/or receive funds directly to eligible Visa debit card holders. Building on this momentum, Western Union customers in the United States can now send money in near real-time to eligible Visa debit cards in Colombia, El Salvador, Jamaica, Philippines, Romania2 and Thailand using WU.com, the Western Union app, or from many of Western Union’s US retail locations.”
June 7, 2022
On the web
Marqeta Integrated into Western Union’s Digital Bank Platform in Europe
Business Wire
“Marqeta, the global modern card issuing platform, has teamed up with Western Union, global leader in cross-border, cross-currency money movement and payments, to integrate its solution into Western Union’s next generation real-time multi-currency digital wallet and digital banking platform in Europe. Marqeta’s modern card issuing platform will allow Western Union’s entire remittance service to be offered online, with funds disbursed to a physical or virtual Visa card. This will enable Western Union to extend its relationship with its customers, creating a new banking experience by connecting cards to Western Union’s new digital payment platform.”
October 1, 2021
On the web
Banks Lean on Western Union to Counter Fintech Rivals
American Banker
“The recent jump in digital commerce has made international payment processing a hot target for fintechs, but Western Union contends its established network provides a way for banks to boost their own cross-border reach. “For a long time we were kind of alone in the world. Now everyone wants a piece of our business. The startups and the banks,” Jacqueline Molnar, chief transformation officer at Western Union, said during American Banker’s Card Forum event, which took place Sept. 28-30.”
On the wires
Western Union Joins Forces With Major Financial Institutions in Africa
Businesswire
“Western Union, a global leader in cross-border, cross-currency money movement and payments, is collaborating with major financial institutions in Africa, to enable millions of consumers to send and receive cross-border payments, quickly and reliably, 24/7. Customers of KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Kenya Post Office Savings Bank (Postbank), can now enjoy an easy and convenient way to send cross-border money transfers, with the launch of Western Union’s digital money transfer services on their respective mobile banking apps. Customers can send money overseas/cross-border using funds from their bank accounts and choose for the receiver to have the money paid out to their bank account or at a Western Union agent location, depending on the country in which they reside. Customers of these financial institutions are also able to receive international money transfers directly to their bank accounts, depending on the country in which senders reside.”
October 26, 2020
On the wires
Western Union Expands Real-Time Payout
BusinessWire
Western Union, announced it has further expanded its global digital network for funds payout and increased the availability of real-time payouts, advancing the company’s goal of building the world’s largest funds collection and distribution network to meet the growing customer demand for transparency, immediacy, and reliability.
October 15, 2020
On the wires
Western Union and Kroger Extend 35-Year Relationship, Offer Global Digital and Retail Money Transfers
“The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced that it has extended its 35-year relationship with The Kroger Co. (NYSE: KR), America’s largest grocery retailer. The new non-exclusive agreement will enable Kroger customers to continue using Western Union’s market leading digital and retail services.”
April 23, 2020
On the wires
Western Union Expands Global Real-Time Payments Network
“Western Union, a leader in cross-border, cross-currency money movement and payments, today announced continued expansion of its Global Network for real-time money-movement and payments, benefiting the Company’s consumers and clients across its branded money transfer and payments business as well as its expanding white-label business. Western Union’s vast global retail network of over 550,000 agent locations across more than 200 countries and territories has offered in-minutes payout for many decades. And now Western Union customers have the choice of moving funds globally with speed, with the company’s expanded capability to send cross-border, cross-currency money transfers and payments real-time to 50 countries when paid into select banks and digital wallets.”
September 12, 2018
On the wires
Western Union Digital Money Transfers Now Live from Mexico to World
“The Western Union Company (NYSE: WU), a leader in cross-border and cross-currency money movement, today launched the Western Union® mobile app with omni-channel choice, enabling customers in Mexico to send digital money transfers to more than 200 countries and territories.”
April 30, 2018
On the wires
Western Union Adds WeChat Capability to GlobalPay for Students
“The Western Union Company (NYSE: WU), a leader in global payments services, announced today that it has added WeChat Pay to its WU® GlobalPay for Students product, through its alliance with Geoswift, a payment company specializing in payment solutions in and out of China. The enhanced capability will enable academic institutions to offer Chinese students studying abroad a wider range of digital payment options including WeChat Pay, Alipay, UnionPay and Tenpay, significantly improving their payment experience.”
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