Agreement with BP advances digitalisation of international money
transfer in Australia
ENGLEWOOD, Colo. & SYDNEY--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU) today led Australia’s retail money
transfer sector into a new digital age, announcing an agreement with BP
Australia.
For the first time in Australia, Western Union services will be enabled
through the mobile app in 302 BP stores nationwide (including 150 with
digital kiosks), which will provide customers with a quick and
convenient way to conduct international money transfers 24/7.
Molly Shea, General Manager of Asia Pacific, Western Union, said, “The
ability to innovate and expand our self-service money transfer offering
across retail and digital channels is key to Western Union’s success. We
are very pleased to announce this collaboration with BP in Australia,
which will provide customers with a new way to send funds any time they
want, to countries around the world.
“From expatriates sending money for mortgage payments, international
students for repaying loans, to workers for supporting families back
home, consumers today are looking for different options to send money
with reliability and ease. Whether it be bank-to-bank, through web,
kiosk, app-to-cash or cash-to-cash, Western Union’s diverse array of
channels are well-positioned to meet these needs,” Shea concluded.
Brooke Miller, Vice President of Sales and Marketing for BP Australia,
said, “This new agreement with Western Union will enable customers to
transfer money locally and internationally when it best suits them. In
today’s world, convenience is key and providing our customers with
offers that make their lives easier is at the heart of what we do.”
Western Union has Agent locations in over 200 countries and territories,
the ability to exchange money in 130 currencies, global compliance
expertise, and the technology to move funds in minutes.
In line with its commitment to innovation, Western Union recently
introduced a next-generation Western Union app (wu.com.au),
offering senders the choice of using card, bank account or cash to fund
their transactions. Recipients can also receive funds in cash, bank
account or wallet.
Western Union’s digital service in Australia continues to demonstrate
strong growth, contributing to more than 30 percent of international
Western Union® money transfers from Australia. Australians sent money
using Western Union to more than 200 countries and territories in 2016,
via digital channels as well as 3,600 Agent locations representing
retail stores, travel agencies, forex houses, Australia Post Offices,
and pharmacies.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of March 31, 2017, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 550,000 agent locations in 200 countries and territories and
over 150,000 ATMs and kiosks, and included the capability to send money
to billions of accounts. In 2016, The Western Union Company completed
268 million consumer-to-consumer transactions worldwide, moving $80
billion of principal between consumers, and 523 million business
payments. For more information, visit www.westernunion.com
WU-F
View source version on businesswire.com: http://www.businesswire.com/news/home/20170724005614/en/
Source: The Western Union Company