Japanese firm Kyodai Remittance has entered into a new partnership to enable fund transfers globally through Western Union.

The collaboration will enable customers to utilise Kyodai’s multi-channel remittance services in Japan to send money globally. The service will support payments across bank accounts in more than 100 countries and Western Union’s global retail network.

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Additionally, customers will be able to transfer money to e- wallets in a dozen countries.

Kyodai enables remittances through 19 physical locations, 30,000 Japan Post ATMs or through online Japanese banking portals.

The partnership comes at a time when the Japanese administration framed a new policy on foreign labour immigration. According to World Bank, Japan will admit 345,000 foreign workers over five years, a move that is expected to boost money transfer services.

Western Union head of Network, Middle East and Asia Pacific Sohini Rajola said: “This service is a unique integration of our strengths as we continue to drive breakthrough connections by enabling national enterprises to scale their business offerings worldwide, leveraging our cross-border platform and global network.

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“We are enabling individuals and other businesses to move easily between the digital and physical worlds of money, using the combination of our iconic retail and fast-growing digital bank and wallet payout network.”

Separately, Western Union signed another agreement with Korean fintech company Hanpass to facilitate cross-border money transfers.

Last month, Western Union launched online account-funded money transfers in Canada.