Western Union Expands in South Korea with Travel Wallet

Collaboration will Enable Customers to Send and Receive Western Union Money Transfers on the Travel Wallet app

Western Union, a global leader in cross-border, cross-currency money movement and payments, and Travel Wallet, one of the leading fintech companies in the country, have announced the launch of Western Union money transfer services on the Travel Wallet App.

“Remittances connect people, places, economies and societies. We are delighted to offer our services to Travel Wallet users, enabling convenient and reliable financial flows powered by technology.”

Travel Wallet users in South Korea now have the choice to send money through 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 payout in select countries is currently available, with plans to scale up to the entire scope and reach of Western Union’s global payout network.

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Over the next few months, Travel Wallet users will also be able to receive Western Union money transfers via the Travel Wallet app, for transactions sent through Western Union’s digital money transfer services or Western Union’s worldwide retail Agent network.

“For 170 years, Western Union has put technology to work connecting people—bringing boundless possibilities within reach,” said K. Premmananth, Head of Network, Singapore, Indonesia and North Asia, Western Union. “Remittances connect people, places, economies and societies. We are delighted to offer our services to Travel Wallet users, enabling convenient and reliable financial flows powered by technology.”

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“At Travel Wallet, we adopt a customer-centric approach, and are glad to collaborate with a like-minded company like Western Union,” said Hyungwoo Kim, CEO, Travel Wallet. “We are excited to enable our customers to connect to their loved ones around the world through one of the world’s widest-reaching financial network. We look forward to putting our collective strengths to work and catering to who really matters—our customers.”