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Geoswift, UnionPay and Western Union vie for Chinese international tuition payments with Amazon promotion

UnionPay card

As students gear up for back to school, the competition for international tuition payments is heating up. Geoswift, UnionPay and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that make cross-border tuition payments using Geoswift’s PayTuitionNow portal.

Mastercard and Western Union designing digital solutions for refugees

mastercard

Mastercard and Western Union have teamed up to help refugees around the world access goods, services and financial services within refugee settlements. Paybefore, Banking Technology‘s sister publication, reports that the partnership will explore ways to use a digital model to serve the more than 65 million people around the world currently displaced from their homes […]

Western Union app integrates Apple Pay

Apple Pay

US-based users of Western Union’s mobile app now can use Apple Pay to send money from within the app domestically, or to more than 200 countries. App users also can make domestic bill payments via Apple Pay.

Western Union to pay $586m fine for money transfer fraud

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Western Union has admitted turning a blind eye as criminals used its money transfer services to launder money and commit fraud. It has agreed to pay a $586 million fine to the US authorities.

Western Union launches mobile payments app in Canada

Canada

Western Union has unveiled its mobile platform in Canada for domestic and cross-border money transfers, available for iOS and Android. The new app allows users “instant, anytime, anywhere” access to Western Union’s physical and digital money transfer infrastructure. So people can send money face-to-face or online. “Whether on a smart phone or at a store […]

MasterCard and Western Union boost Bangladesh’s mobile money transfers

Matthew Driver, group executive, global products and solutions, MasterCard

MasterCard, Western Union, Bkash, a mobile financial service (MFS) provider, and BRAC Bank have launched a new, international remittance receiving service in Bangladesh. The service – via Western Union’s global network – enables Bkash’s registered customers to use their mobile phones to receive remittances from abroad directly into their accounts or collected from a Western […]

Top fintech stories this week – 8 April

Money 20/20 Europe comes to an end. See you next year!

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Money 20/20 Europe: Biometric identity, SMEs and final day’s sessions round-up Key highlights, what went well and what could be improved. Money 20/20 Europe: KYC/ID, commerce disruption and femtech round-up Valid points raised, key issues discussed. A must […]

Western Union launches digital B2B payments platform for SMEs worldwide, WU EDGE

Kerry Agiasotis, Western Union Business Solutions

Western Union Business Solutions has unveiled a brand new payments platform for SMEs, WU EDGE. The project has been 18 months in the making and is available to new and existing customers for free. WU EDGE is cloud-based, and is designed to be a single global payments tool for businesses worldwide. It will go live […]

Western Union continues European retail push with WH Smith deal

WHSmith terminal view

Western Union is to install self-service kiosks in 300 of UK retailer WH Smith’s stores later this year. The kiosks allow customers to enter the details of money transfer transactions and then use the retailer’s self-checkout to pay.

Western Union expands account-to-account transfer network in Europe

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Western Union has expanded its account-to-account money transfer service to cover Austria, Belgium, Germany, the Netherlands and the United Kingdom.

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