The partnership expansion is expected to broaden choice for both Western Union’s consumers and Mastercard’s business clients
Western Union and Mastercard have bolstered their partnership by expanding Mastercard Send integration into WU’s global money movement network, and also Mastercard’s Cross-Border Services delivery via Western Union Business Solutions.
First, by integrating Mastercard Send, Western Union is broadening payout possibilities for its US domestic money transfer receivers. This enables beneficiaries of WU transfers in the US to re-direct any US domestic transaction to a selected bank card.
The service is available to load funds on any debit card network within the US, with money delivered in minutes to the receiver’s debit-card-linked account.
Second, WU customers across 16 European markets will now have the option to leverage Mastercard Send to send money transfers, in near real time, directly to their receiver’s Mastercard debit card, increasing transaction speed and simplifying the receive process.
The service is live with receive destinations including Russia, Turkey, Romania, Hungary, Serbia, Slovakia, Croatia and Kosovo. More countries on both the send and receive sides will be added in the coming months.
In addition, Mastercard will integrate into Western Union Business Solutions’ global network, to pay out funds for Mastercard’s Cross-Border Services, enhancing the offering to existing bank and trade network relationships.
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