Western Union and PERA HUB to Offer Digital Money Transfers with UnionBank
August 10 2021 - 9:00PM
Business Wire
Western Union Services will be Available via
the UnionBank App; a First in the Philippines
Western Union, a global leader in cross-border, cross-currency
money movement and payments, and PERA HUB, a leading provider of
financial services, today announced the integration of Western
Union’s digital money transfer capabilities into the UnionBank
banking platform, for the first time offering customers in the
Philippines the choice to receive Western Union money transfers,
24/7, via a banking app.
Union Bank of the Philippines (UnionBank), one of the largest banks in the Philippines and
recognized as a digital trailblazer in Asia Pacific, is a digital
sub-representative of PETNET Inc.’s retail brand, PERA HUB, a
leading provider of financial services and a long-standing
representative of Western Union.
The receiver-enabled capability allows customers in the
Philippines to direct an international or domestic Western Union
money transfer into their UnionBank account by simply inputting
Western Union's unique money transfer control number (MTCN) and
other identification details into the UnionBank app (available on
iOS and Android).
Later this year we will extend our offering to enable customers
to send money to their loved ones via the app, locally or
worldwide, into billions of bank accounts and millions of mobile
wallets and cards in approximately 125 countries, or more than half
a million representative locations in more than 200 countries and
territories. Senders can fund their money transfers through their
UnionBank accounts.
"With the expansion of our services with PERA HUB via UnionBank,
we are delivering more choice and convenience for our customers in
the Philippines," said Jeffrey Navarro, Head of Philippines,
Malaysia, Brunei & Indochina for Western Union. "It cements the
momentum we are building in digitalizing money transfers while
serving customers who live between a digital and physical world,
and in a truly global manner. Our collaboration with PERA HUB stems
from our unique omnichannel strategy, bringing additional value and
scale to customers in the country."
Western Union's inclusive omnichannel capability is uniquely
positioned to build bridges connecting digitally advanced people
with those in the world who are not yet online. As part of its
strategy, Western Union is increasingly partnering with local
brands, accelerating money movement and providing reliable
connections between individuals and their loved ones across the
globe.
“Our long-standing relationship with Western Union is powered by
our joint commitment to serve our customers to the best of our
capability,” said Ian Ocampo, President and CEO, PETNET Inc.
“UnionBank is the first bank to introduce a fully digital Western
Union remittance receiving experience and we are proud to be their
partner. We are excited to move to the next level and expand our
relationship serving customers across a broader spectrum of use
needs. Customers want choice, speed and reliability, and with
Western Union we are glad to drive innovation and explore new
opportunities serving the end user.”
"Our teams at UnionBank have worked hard to make digital and
self-service banking accessible to millions of Filipinos especially
amidst this pandemic where we have been able to service clients
with little to no disruption," said Ana A. Delgado, Chief Digital
Channels Officer and Chief Customer Experience Officer, UnionBank.
"We are pleased that this integration with Western Union enables us
to come together to do more and deliver better banking experiences
to customers through seamless digital money transfers."
For more information on the UnionBank app, please visit the FAQ
Page on www.unionbankph.com/unionbankonline.
About Western Union The Western Union Company (NYSE: WU)
is a global leader in cross-border, cross-currency money movement
and payments. Western Union’s platform provides seamless
cross-border flows and its leading global financial network bridges
more than 200 countries and territories and over 130 currencies. We
connect businesses, financial institutions, governments, and
consumers through one of the world’s widest reaching networks,
accessing billions of bank accounts, millions of digital wallets
and cards, and more than 550,000 retail locations. Western Union
connects the world to bring boundless possibilities within reach.
For more information, visit www.westernunion.com.
About PeraHub PERA HUB is the Philippines’ foremost
consumer financial services center with over 3,000 locations
nationwide which provides its customers with a comprehensive scope
of reliable financial services in one location. PETNET’s retail
network, PERA HUB, is composed of company-owned and sub-agent
branches nationwide. PERA HUB is geared towards providing
complementary products such as remittance, cash in and cashout
services, loans, money changing, bills payment, airline ticketing,
e-loading, micro-insurance and other cash and payment related
solutions to its growing market. To further expand its reach for
cash solutions, PERA HUB launched its PERA HUB App and PERA HUB
Visa Prepaid card which allows users to send and receive Western
Union remittances, pay bills and buy prepaid loads on mobile. For
your cash and payment-related solutions, visit PERA HUB branches
nationwide. The PERA HUB App is available for download in Google
Play and App Store. For more information: visit www.perahub.com.ph,
call us at (+632) 8812-9209, and follow perahubph (Facebook &
Twitter) and perahub on Instagram.
About UnionBank Union Bank of the Philippines (UnionBank)
has always been among the first to embrace technological
innovations to empower its customers into the future of banking. It
has consistently been recognized as of one of Asia’s leading
companies, ranking among the country’s top universal banks in terms
of profitability and efficiency. Over the years, UnionBank has
garnered a record-breaking number of awards and recognition, most
recently declared as the Most Recommended Retail Bank in Asia
Pacific by BankQuality.com; 4-time Digital Bank of the Year by The
Asset Triple A; Asia Pacific's Digital Trailblazer by IDC Asia
Pacific, and the top 1 Most Helpful Bank in the Philippines during
COVID-19 by BankQuality.com. UnionBank stands firm in its promise
to power the future of banking through "Tech-Up Pilipinas" to best
serve the growing needs of Filipinos everywhere, while pioneering
innovations for a better world.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210810005581/en/
Media Contacts: Western Union Asia-Pacific
Karen Santos: Karen.Santos2@westernunion.com PETNET
Angela Nikki Robas: nikki.robas@petnet.com.ph
UnionBank James P. Ileto:
jmpileto@unionbankph.com
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