Western Union partners with Chinese fintech company

About 150 million Du Xiaoman Financial mobile app users can now route received cross-border transactions into their bank accounts

Western Union international money transfers

Western Union partners with Chinese fintech company. Source: ir.westernunion.com

Western Union and Du Xiaoman Financial launched Western Union international money transfers to be paid out in real-time into even more bank accounts in China, with coverage now extending to a majority of bank account holders across China.

Western Union’s digital services cover 75 countries plus territories, whereas the walk-in Agent network available across more than 200 countries to send an international transfer.

Account payout of transfers in China allows Western Union to partner with an expanding base of national and international tech leaders. It provides global settlement capabilities, vast network, compliance and technology systems, enables international cross-border transfers with customer-facing innovation.

We are advancing our goal to comprehensively serve consumers money movement and payment needs. We are enabling cash-in to cash-out or account payout; from one bank account to another; from a debit card to a digital wallet. We are making this happen by working with national and international partners across borders and building the world’s ultimate agnostic network for cross-border money movement and payments via a combination of physical and digital touchpoints
Jean Claude Farah, President, Western Union Global Network

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