Just as stablecoin settlements are gaining momentum in the B2B segment, payment service providers are taking very different paths in the stablecoin payments revolution, with strategies ranging from bold integration to cautious observation. Here are four main stablecoin adoption archetypes shaping the next phase of digital payments.
One of the most reputable global remittance players, Western Union, is undertaking a bold strategic initiative to modernize international money transfers by leveraging stablecoin potential.
Western Union is committed to developing its new Media Network business through collaboration with Magnite, an independent sell-side advertising company.
Money transfer leader Western Union has united efforts with Indian multinational IT company HCL Technologies (HCLTech), reversing the trend of remittance players using little to no AI.
The payment industry is eagerly embracing artificial intelligence (AI) technology, implementing its unique capabilities into almost every aspect of external and internal processes to boost efficiency. Yet, some of the fintech players are more reluctant to introduce AI than others. In particular, the lack of interest and adoption is striking with remittance companies.
The company eSIM Go has added Western Union digital wallets to its mobile data service.
Visa and Western Union have entered into a new agreement in the sphere of cross-border payment transactions.
The results of Western Union’s operations in the fourth quarter of 2023 indicate an increase in the popularity of using digital channels in the sphere of financial services.
Western Union reported an increase in the number of digital transactions.
Visa has partnered with a number of payment firms, including PayPal and Western Union, to let their customers transfer money between different P2P payment apps
Western Union announced the beginning of cooperation with MFS Africa.
Global remittance provider Western Union has partnered with the Australian ethical lending fintech Beforepay to offer consumers an innovative credit solution ‘Send Now Pay Later’
Until recently Western Union practically remained the monopoly of international transfers
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