Western Union has announced an expansion of its collaboration with Tencent Financial Technology, marking a significant milestone by partnering with Tenpay Global, Tencent’s dedicated cross-border payment platform. This collaboration enables customers worldwide to send money directly from Western Union’s website and app to Weixin wallets and bank accounts in China, known globally as WeChat. This […]
Paysend, a prominent card-to-card and international payments platform, has announced a groundbreaking agreement with Western Union, aiming to significantly enhance cross-border money transfer capabilities. This collaboration positions Paysend at the forefront of international payment solutions, integrating with Western Union to offer direct funds transfer to Visa and Mastercard debit cards through Western Union’s branded digital […]
Western Union has wrapped up the first closing of the sale of its business solutions unit to a consortium of Goldfinch Partners and The Baupost Group for a price of around $910 million in cash. The deal will close in two stages, as previously announced by Western Union. The first closing will see Western Union […]
Western Union has joined forces with Du Xiaoman Financial (previously fintech Baidu Finance) and its network of partners to expand its bank account payout in China through the latter’s mobile app. The partnership will enable international money transfer to be done in real-time to even more Chinese bank accounts. Account payout of any Western Union […]
ACI acquisition of Speedpay : Payment systems company ACI Worldwide has signed a $750 million all-cash deal to acquire the US domestic bill pay business of Western Union, which operates under the brand Speedpay. Speedpay offers electronic bill presentment and payment solutions to various business sectors in the US. Its clients include utilities, telecommunications, insurance, […]
