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Western Union teams up with Thunes to expand payout capabilities to mobile wallets

 Western Union, a leader in cross-border, cross-currency money movement, has teamed up with Thunes, a cross-border payments network for emerging markets, to enable Western Union customers to send funds directly into mobile wallets around the world.

Senders can now utilise Western Union’s growing digital network or an agent location to send funds directly into a recipient’s mobile wallet.

“We are continuously expanding and enhancing our account payout portfolio, providing customers with multiple payout options including bank accounts, cards or mobile wallets,” said Sobia Rahman, Global Head of Account Payout Network for Western Union. “Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.”

The collaboration will enable greater financial access for consumers - especially those who lack access to traditional financial services - by connecting them to alternative payment solutions, such as mobile wallets, that ultimately help drive better financial inclusion on a global scale.

"We are delighted to be working with Western Union to provide global reach for their customers,” said Steve Vickers, CEO at Thunes. “Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems, and by utilizing our vast network, Western Union customers will now have more flexibility when sending money across borders." 

Re-disseminated by The Asian Banker

Diary of Activities
The Future of Finance West Africa 2019
23 - 25 April 2019 | Nigeria
Wealth & Society West Africa 2019
25 April 2019 | Nigeria
Thailand Innovation Study Tour 2019
28 - 29 May 2019 | Thailand
The Future of Finance Summit, 2019
29 - 31 May 2019 | Thailand
Digital Finance Leadership Programme 2019
29 July - 02 August 2019 | United Kingdom