Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Banking Services
Payments
Return to: BBR Home | Banking Services | Payments

Western Union, Post Bank Russia expand offering for digital international money transfers

Published 06 July 2018

The Western Union and Russia’s Post Bank have expanded their offering for digital international money transfers by allowing customers to use Post Bank’s mobile banking app to send Western Union Money Transfers directly into billions of bank accounts in more than 50 countries.

Post Bank customers still retain the choice for their receivers to be paid in cash in more than 200 countries and territories.

“Through our digital services, we are connecting more people across borders than ever before,” said Odilon Almeida, Western Union Global Money Transfer President.

“Our collaboration with Post Bank gives the sender convenient access to send money at their finger-tips and also the flexibility to choose the payout option most convenient to the receiver – paid into bank accounts or received in cash at Western Union retail agent locations,” he said.

“We are constantly developing our cooperation with Western Union, whose money transfer services are available via the Post Bank Mobile App for Russians, as well as citizens from other states.

“Now the bank’s customers are able to transfer funds to bank accounts in more than 50 countries around the world. This is in addition to our previously launched service enabling customers to send transfers from our Post Bank internet account and Mobile App, with payout in cash at Western Union locations around the world. A service that also offers the ability to amend, return and receive money transfers,” said Anastasia Maslennikova, Post Bank’s Member of Board and Director of Digital Business Development.

The Western Union is a global leader in cross-border, cross-currency money movement. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability.

As of March 31, 2018, our network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services in more than 200 countries and territories, with the capability to send money to billions of accounts.

Source: Company Press Release