Western Union (WU) launches transfer services on Travel Wallet in South Korea

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Western Union (NYSE: WU)a global leader in cross-border and cross-currency funds movement and payments, and travel walletone of the nation’s leading fintech companies, announced the launch of Western Union money transfer services on the Travel Wallet app.

Travel Wallet users in South Korea now have the option of sending money via Western Union. The Travel Wallet app is available for both android and iOS users. Customers can fund their cross-border money transfers through their local bank accounts. Cash and bank account payment in select countries is currently available, with plans to expand across the reach and reach of Western Union’s global payment network.

In the coming months, Travel Wallet users will also be able to receive Western Union money transfers through the Travel Wallet app, for transactions sent through Western Union’s digital money transfer services or the global network of Western Union retail agents.

“For 170 years, Western Union has put technology to connect people, bringing limitless possibilities at their fingertips,” said K. Premmananth, network manager, Singapore, Indonesia and North Asia, Western Union. “Remittances connect people, places, economies and societies. We are excited to offer our services to Travel Wallet users, enabling convenient and reliable financial flows powered by technology.

“We at Travel Wallet take a customer-centric approach and are happy to partner with a like-minded company like Western Union,” said Hyungwoo Kim, CEO of Travel Wallet. “We are thrilled to enable our customers to connect with loved ones around the world through one of the most extensive financial networks in the world. We look forward to putting our collective strengths to work and responding to what really matters: our customers. »

For more service information, customers can email [email protected].

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