Western Union expands account-to-account transfer network in Europe
Western Union has expanded its account-to-account money transfer service to cover Austria, Belgium, Germany, the Netherlands and the United Kingdom.
The service was developed in conjunction with Sofort AG for services in Austria, Germany, Belgium and the United Kingdom, and with iDeal for services in the Netherlands.
“Western Union continues to develop online capabilities that cater to the high-principal, account-based customer,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “Providing bank account-based funding options expands our relevance to a wider customer set and makes WU.com a compelling choice for banked customers worldwide.”
The new option enables account-based payment for online money transfers to more than 200 countries and territories via integration with online banking portals. Senders can direct their money transfers into a receiver’s bank account in certain countries or opt for cash payout at more than 500,000 Western Union retail Agent locations worldwide.
Western Union currently has transactional websites in 24 countries to send money globally to 200 countries and territories.