Western Union widens its digital services. - World Finance Council

Western Union widens its digital services.

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Western Union continues to widen digital services and account payout now in 75 countries with payout in 200 countries globally, during the COVID-19 pandemic.

Western Union, a leader in cross-border, has increased its digital money transfer co-operation, the fastest-growing sector of its trade last year, to over 75 countries, and payout into a worldwide network of 4 billion accounts. In addition to a massive agent retail network in 200 countries and territories.

Western Union’s digital worldwide expansion has been a strategic pillar for years, and today is available across every continent of the world. The Company’s digital services purposefully obtain all the prime 20 of the world’s first remittance sending countries rated by the World Bank. Equally, the Company’s global account and wallet payout network covers the world’s significant consignment receive countries.

Western Union’s digital services have consistently achieved double-digit revenue growth over the last few years through 2019. Its mixed send and receive digital scale set the standard for global money movement. The digital payments expertise is an advantage to consumers providing an option for online services, accompanying locally directed community limitations and stay-at-home orders as a result of COVID-19.

Hikmet Ersek, President and CEO of Western Union, said: “Company’s reliable balance sheet and economic position permits us to maintain to increase our digital services to more people than ever before, in more parts of the world, including the world’s largest sending and receiving countries, particularly while these challenging times.”

To continue to provide money transfer services as an essential service to communities, Western Union has also been working with its agents, partners, and regulators across the world during the current COVID-19 crisis. Closedowns related to COVID-19 have impacted some Western Union Retail Agent areas with altered working hours or closures, globally.

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