NH Investment & Securities Mobile App and Branch Locations to Offer Western Union Services
Western Union, a global leader in cross-border, cross-currency money movement and payments, and NH Investment & Securities (NH I&S), one of the largest investment and securities companies in South Korea, today announced the integration of Western Union branded digital and retail person-to-person (P2P) transfers within the portfolio of financial services offered to account holders of NH Investment & Securities.
“At Western Union, we are serving customers directly through our own branded channels or offering services in partnership by innovatively integrating our services via a branded, co-branded, or white-label model. This reshaped business model is enabling us to serve customers in a manner that is most convenient to them.”
NH I&S account holders in South Korea now have the choice to send and receive money using Western Union via the firm’s 24/7 mobile app or 85 branch locations across South Korea. NH I&S Account holders will have the option of their transfer being paid into recipient bank accounts in select countriesi across the world or at 550,000 retail locations in over 200 countries and territories.
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Western Union’s cross-border, cross-currency platform seamlessly integrates local regulation, compliance, channels, currency, and language. The capability translates into a payment experience of convenience, choice, and trust for consumers served directly by Western Union. In recent times, Western Union has opened its platform to a growing band of partners representing the financial, telecom, and tech sectors.
“We are delighted to offer Western Union branded services to the account holders of NH I&S, a leading financial institution in South Korea. It provides choice to send and receive money with 24/7 digital access or in-person branch services. Providing multi-channel choice to customers is an important goal for Western Union – whether that is to pay-in or pay-out funds based on their individual preferences,” said K. Premmananth, Head of Network, Singapore, Indonesia, and North Asia, WN.
Premmananth added, “At WN, we are serving customers directly through our own branded channels or offering services in partnership by innovatively integrating our services via a branded, co-branded, or white-label model. This reshaped business model is enabling us to serve customers in a manner that is most convenient to them.”
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