Western Union Expands International Payment Services in Colombia
June 19 2019 - 9:00AM
Business Wire
Today, Western Union (NYSE: WU), a leader in cross-border,
cross-currency money movement, announces an expansion of services
between its Western Union Business Solutions division and
Acciones&Valores in Colombia, to offer the WU® GlobalPay for FI
platform, allowing Acciones&Valores to use and offer its
customers the ability to make their payments in a simple and
efficient manner.
The GlobalPay for FI platform provides the benefits of
international payment services without investing in new systems
infrastructure. This online platform enables the processing of
transactions using a network that spans more than 200 countries and
territories, available in 130+ currencies. GlobalPay for FIs is a
simple, intuitive system that makes it easy to create international
orders and find beneficiary bank information.
"We are very proud to expand our collaboration with
Acciones&Valores through the integration of GlobalPay,” said
Alfred Nader, vice president of Western Union Business Solutions
for Latin America. “This digital platform will allow Colombian
small and medium enterprises direct access to their international
payments 24-hours a day, streamlining exports of flagship products
such as coffee, flowers, fruits as well as imports of other
commodities."
"With GlobalPay, we provide entrepreneurs the flexibility to
make their transfers at any place and time from their mobile device
or computer,” says Felipe Jaramillo, manager of
Acciones&Valores Treasury Solutions. “The transfers eliminate
intermediaries in the supplier’s local currency, saving potentially
10% in the cost of invoices issued by suppliers abroad. Our digital
solution will be mainly offered to importers, exporters, pensioners
living abroad, law firms and international students."
Western Union Business Solutions provides organizations with the
ability to optimize cross-border payments with custom solutions to
send, receive and manage international payments, leveraging a
global network that spans more than 200 countries and territories,
and over 130 currencies combined with local market insights to
deliver simple, effective and efficient international payment
management.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of March 31,
2019, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in approximately
70 countries, plus additional territories, to move money around the
world. With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
About Acciones&Valores
It is a brokerage company, agent of Western Union and with a
tradition of 60 years in the Colombian stock market. It is
committed to offering advice and solutions that adjust to the
financial needs of its clients in an integral and transparent
manner. It has more than 800 employees and more than 300 agencies
in the country.
The alliance between Acciones&Valores and Western Union
allows companies of all sizes to send and receive international
payments and manage their cash flow, creating unique solutions
tailored to the needs of each company. For more information, visit
our website www.accivalores.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190619005029/en/
Western Union Business Solutions:Natalie Campos Mejía,
+55 11 989737840natalie.campos@wu.com /
marketingwubs@westernunion.comAcciones&Valores:Alina
Camacho Hauad, 57-1 31433208884info@accivalores.com /
gerencia@alinacamachoh.com
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