Banking Business Fintech News

Western Union Expands International Payment Services in Brazil

Warba Bank & Eurisko Mobility Power through the COVID-19 Lockdown to Continue the Bank's Digital Transformation

The Western Union Company, a leader in cross-border, cross-currency money movement and payments, announced an expansion of services between its Western Union Business Solutions division and Banco SEMEAR in Brazil to offer the WU® GlobalPay for FI platform, the Company’s solution for financial institutions that enables customers to make international payments simply and efficiently.

Read More: A Quick Review on Some of The Biggest Global Fintech Mergers & Acquisitions

“Our digital platform will allow Banco SEMEAR to offer international payments to its customers globally, with confidence and agility.”

GlobalPay for FI provides the benefits of international payment services without the need to invest in new banking systems infrastructure. Western Union Business Solutions’ online platform allows for processing transactions using a network that spans more than 200 countries and territories and is available in more than 130 currencies. GlobalPay for FI is a simple and intuitive system that facilitates the creation of international payments.

Read More: GlobalFintechSeries Interview with Christian Spaltenstein, Managing Director – Americas at AFEX

“We are very pleased to expand our collaboration with Banco SEMEAR through the integration of GlobalPay,” said Alberto Roncajolo, Western Union Business Solutions head of financial institutions for Latin America and the Caribbean. “Our digital platform will allow Banco SEMEAR to offer international payments to its customers globally, with confidence and agility.”

“The partnership with Western Union Business Solutions consists of expanding the portfolio of products already offered by Banco SEMEAR. The strategic objective is to integrate new operations into the current structure, allowing the leverage and expansion of the institution’s business and target audience,” explained Arthur Campos, Superintendent of Banco SEMEAR.

Read More: GIACT Donates Identity and Account Verification Services to the Brave of Heart Fund, Supporting Families of Frontline Healthcare Workers and Volunteers

Related posts

African Development Bank Board Approves $170 Million for Investment in Nigeria’s Digital and Creative Start-UPS

Fintech News Desk

Austin American Statesman Names Gotransverse A Winner Of The Austin Top Workplaces 2020 Award

Fintech News Desk

Study by Cantaloupe and Michigan State University Shows Contactless Payment Transactions Soar

Fintech News Desk
1