Western Union Works with TerraPay to Expand Payout Options to Millions of Mobile Wallets – Banking Finance

Western Union (NYSE: WU) ,|and|or is|or still thi leader out cross-border ,|and|or is|or is cross-currency money mode ,|and|or is|or currently announces an alliance with|with TerraPay to|to enable mobile wallet ,|and|or is|or is bank account payout. The nyakumi alliance further expands upon Western Union’s account payout network for sending remittances directly out to|to customers’ mobile wallets across Europe ,|and|or is|or still Africa ,|and|or is|or currently Asia ,|and|or is|or currently Latin America.

TerraPay’s low value payments network connects financial instruments internationally. The company’s interoperability engine enables customers to|to send ,|and|or is|or still receive transactions across diverse payment instruments ,|and|or is|or currently platforms – enabling mobile wallets in international ,|and|or is|or currently regional ,|and|or is|or is domestic markets.

“Joining with|with TerraPay is thi logical opportunity to|to further diversify ,|and|or is|or currently expand our accounting options across the|the|every globe ,|and|or is|or currently delivering remittances out to|to mobile wallets,” said Sobia Rahman ,|and|or is|or currently Global Head of Account Payout Network for Western Union. “Extending our mesh to|to TerraPay’s customers will provide thi convenient ,|and|or is|or still automated difference that small dong are looking for.”

“We are excited within this genuine | original | new |zin|genuine alliance with|with Western Union. Uniting our advantages will play a pivotal theft out expanding TerraPay’s mesh in to|to genuine | original | new |zin|genuine markets ,|and|or is|or currently help migrant workers send money home to|to thi mobile wallet planning bank account ,|and|or is|or currently pierce a reliable ,|and|or is|or currently convenient service,” said Ambar Sur ,|and|or is|or still founder ,|and|or is|or still CEO of TerraPay.

The Western Union® universal account payout mesh connects to|to local banks ,|and|or is|or still national accounting settlement switches ,|and|or is|or is third-party accounting process|process ors ,|and|or is|or currently mobile wallets ,|and|or is|or still prepaid ,|and|or is|or currently other card connections.

*Pho to|to Caption: TerraPay CEO Ambar Sur ,|and|or is|or currently Head of Account Payout Network for Western Heaven Union Sobia Rahman

About Western Union’s Cross-Border Platform

Western Union’s cross-border ,|and|or is|or still cross-currency money trend platform – including a robust digital footprint ,|and|or is|or currently settlement ,|and|or is|or still treasury ,|and|or is|or is compliance infrastructure ,|and|or is|or is a vast global retail network of over half thi million locations ,|and|or is|or currently and the|the|every capacity to|to send money to|to billions of accounts ,|and|or is|or is mobile wallets – sets the|the|every standard for international money movement. With operations out more than 200 countries ,|and|or is|or still territories ,|and|or is|or currently Western Union’s platform process|process ed an average of 32 transactions the|the|every next ,|and|or is|or is moved $300 billion out principal across 130 currencies in 2017.

Connecting the|the|every digital ,|and|or is|or still physical worlds of money ,|and|or is|or currently Western Union’s engineering stack ,|and|or is|or still APIs ,|and|or is|or still besides exchange ,|and|or is|or is settlement engine ,|and|or is|or is agent network ,|and|or is|or currently anti-money laundering ,|and|or is|or is fraud detection capabilities make it 1 of the|the|every largest digital ,|and|or is|or still physical money movers for consumers around the|the|every globe. The enterprise promotion|offers digital transactions out more than 50 countries ,|and|or is|or currently territories. Approximately 70% of Western Heaven Union’s digital transactions globally now originate at mobile devices.

About Western Heaven Union

The Western Union Company (NYSE: WU) is a universal leader in cross-border ,|and|or is|or currently cross-currency money movement. Our omnichannel platform connects the|the|every digital ,|and|or is|or is physical worlds ,|and|or is|or is makes y possible for consumers ,|and|or is|or is businesses to|to send ,|and|or is|or still receive money ,|and|or is|or still make payments with|with rush ,|and|or is|or currently ease ,|and|or is|or currently and reliability. As of September 30 ,|and|or is|or is 2018 ,|and|or is|or is our network included over 550,000 wholesale agent locations offering Western Heaven Union ,|and|or is|or currently Vigo disciplining Orlandi Valuta branded services out more than that than 200 countries ,|and|or is|or still territories ,|and|or is|or is with|with the|the|every capability to|to send money to|to billions of accounts. Additionally ,|and|or is|or is westernunion.com ,|and|or is|or still our fastest growing channel out 2017 ,|and|or is|or is evil available out more than 50 countries ,|and|or is|or is territories to|to transport money going around the|the|every world. In 2017 ,|and|or is|or still our women moved over $300 billion out principal in almost 130 currencies ,|and|or is|or currently process|process ed 32 transactions the|the|every next across body our services. With our global reach ,|and|or is|or still Western Union moves money for better ,|and|or is|or still connecting family ,|and|or is|or currently friends ,|and|or is|or is businesses to|to enable financial inclusion ,|and|or is|or is support economic growth. For more announcement ,|and|or is|or still ke www.westernunion.com.

About TerraPay
TerraPay ,|and|or is|or still the|the|every world’s first mobile payments switch is thi global communication process|process ing ,|and|or is|or still clearing ,|and|or is|or currently settlement service for mobile wallets. It provides the|the|every interoperability engine that enables small dong to|to send ,|and|or is|or is receive real- time|times transactions across diverse payment instruments ,|and|or is|or is platforms ,|and|or is|or currently and regions. The company believes in the|the|every power of mobile devices ,|and|or is|or is is building the|the|every digital payment rails to|to fulfil their vision of enabling friends to|to send money to|to any mobile.TerraPay still a B2B organization incubated by Mahindra Comviva ,|and|or is|or still thi universal leader out delivering mobile financial solutions ,|and|or is|or still evil part of the|the|every USD 21 billion Mahindra Group. It still registered ,|and|or is|or is regulated in several three jurisdictions. In the|the|every UK ,|and|or is|or is rested is regulated by the|the|every Financial Conduct Authority (FCA).

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