Western Union & La Banque Postale Develop Digital Funds

Western Union (NYSE: WU) introduced on Tuesday that it and La Banque Postale, the banking subsidiary of France’s postal providers’ operator, La Poste Group, is now planning to broaden its digital funds. Western Union reported that the mixing of its international cross-border, cross-currency digital cash motion platform inside La Banque Postale’s cell app and web site will allow greater than seven million on-line registered La Banque Postale clients to entry Western Union’s worldwide cost providers and expertise.

Talking concerning the enlargement, Hikmet Ersek, President and CEO, Western Union, said:

“I’m extremely proud to increase our relationship with La Poste Group and La Banque Postale as agent of Western Union. It has been thrilling to see how our two corporations have innovated and collaborated to supply customers with omnichannel service, providing the flexibleness of a totally digitalized net and app expertise.”

Western Union additional defined its cross-border, cross-currency cash motion platform – together with international settlement capabilities, community, compliance and expertise techniques, which allows worldwide real-time cross-border transfers for monetary establishments like La Banque Postale. Western Union added:

“Western Union’s preliminary affiliation with La Poste Group commenced twenty years in the past with worldwide retail cash switch providers. La Poste Group has operated as a Western Union Agent for greater than 20 years and now additionally leverages Western Union’s digital platform.”