Western Union Expands Global Business Foreign Exchange Payments Network.
Western Union Business Solutions has announced the expansion of its cross-border payment solutions for corporate customers.
According to a press release, the company has incorporated SWIFT Global Payments Initiative and also improved its foreign currency possibilities.
Western Union strives to strengthen its payment capabilities.
As the organization implements its plan to enhance its position in cross-border and cross-currency financial flows.
The introduction of the SWIFT network would help the organization leverage a new level of their services for operational productivity for corporate customers.
Customers will be able to access greater exposure.
As well as “certainty” that their money will reach where it intends to go.
According to Scott Johnson, Head of Product at Western Union Business Solutions.
“We are continuously advancing our capabilities to give our clients the tools to access the growing global marketplace.
Adding GPI Swift and expanding our currency portfolio within our Mass Payments API advances not only our competitive advantage but that of our customers”.
With Western Union Mass Pay, beneficiaries with built-in, real-time cross-border payments would find easier, more seamless user experience, the company stated.
Also with ability to send up to 10,000 payments across over 130 currencies.
Real-time payment monitoring and automatic adjustments to payment status are also possible.
In addition, the company disclosed that the expanded currency support would “expand their market.
Likewise, the expansion will also create a competitive advantage.
Thereby leading to higher transactions in more currencies by implementing a flexible payment processing system into their own product and services.”
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