Western Union’s cross border platform connects consumers to over one billion bank accounts

Western Union’s cross-border platform connects consumers to over one billion bank accounts

The Western Union Company is one of the leading payment service company across the globe, WU has unveiled that its account payout network system (which is  a means of transferring money across borders into bank accounts across the globe) has now receive a new development that makes it possible for WU account users get connected to more one billion bank accounts.

 This system is purposed to allow consumers transfer money in any form to a receivers bank account from its website in a manner thats time-efficient and cost-effective.

“Western Union is recognized as a leader in global payment services with a network of agent locations, ATMs and online services. The additional ability to pay out in over one billion bank accounts gives consumers unparalleled choice when sending money through Western Union,” Western Union President and CEO, Hikmet Ersek said in a press release.

He added, “The account payout network capability represents a natural evolution in Western Union’s cross-border platform and omni-channel strategy to reach new digital-savvy, banked and mobile enabled consumers. Western Union is actively pursuing digital innovation enterprise wide, increasing consumers’ choice of money transfer channels and facilitating financial inclusion in emerging countries around the world.”

Consumers can use cash to transfer funds to another bank account through participating Wesern Union agents.