Payment services provider Western Union has
launched a foreign exchange (FX) payment service enabling SME
clients to make cross-border payments via their smartphone.
The mobile payment solution allows users to
pay their suppliers in 140 different currencies in global markets
while locking in a currency-exchange rate and fee before
transferring funds.
Go deeper with GlobalData
“The sheer demand for innovative mobile
services is evident, and our clients want to take advantage of new
m-payment options,” said Raj Agrawal, general manager, Western
Union Business Solutions.
“This new mobile payment service not only
makes it easier to transfer funds globally to foreign suppliers and
workers but also offers the ability to take advantage of foreign
currencies when making international payments.”
The service is claimed to be available in all
countries where Western Union currently offers online payment and
FX services through its Business Solutions division, including the
US, Canada, the UK, Germany, Italy, France and Australia.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
