Western Union is pushing further into the crypto world, teaming up with a cross-border payments network so its customers can take advantage of mobile wallets.
The network is Thunes, and through it, Western Union customers can send funds directly into a recipient’s mobile wallet. All they need to do is go online or visit one of the many agent locations just as they do to make traditional transfers.
Why Should Anyone Care?
Western Union has long been known as the place to make wire transfers and pay bills, but advances in the world of fintech have nearly rendered the brick-and-mortar outfit a relic.
Sobia Rahman, the company’s global head of Account Payout Network, responded that the company was continuously making improvements. These include expanding and enhancing its account payout portfolio; providing customers with multiple payout options, and including bank accounts, cards or mobile wallets in its efforts.
He states:
Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.