WESTERN UNION, TENCENT EXTEND ALLIANCE ENABLING FUND TRANSFERS TO CHINESE WECHAT USERS

KUALA LUMPUR, June 5 (Bernama) -- Western Union has expanded its collaboration with Tencent Financial Technology to partner with Tenpay Global, Tencent’s cross-border payment platform.

Customers around the world can now send international money transfers from Western Union’s branded digital channels directly to China’s Weixin (WeChat) users, according to a statement.

The expanded collaboration builds on Western Union’s existing service, Weixin users in China can choose to receive Western Union money transfers into their Weixin Pay wallets and linked bank accounts.

Western Union Head of Asia Pacific, Sohini Rajola said through its collaboration with Tenpay Global, the company is excited to further enhance its services to meet the evolving needs of customers.

“By providing a convenient and seamless experience for our customers, we are reaffirming our commitment to customer-centric innovation that empowers individuals and families to send and receive money across borders,” Rajola said.

Meanwhile, Tencent Financial Technology Vice President, Royal Chen said: “Our focus lies in providing fast, convenient, and secure solutions that connect China with the global community. Weixin is a digital bridge that allows global users to connect across borders.”

Combining Weixin’s extensive user base and Western Union’s global reach, the collaboration represents a significant step forward in making financial services accessible to all by offering customers greater flexibility and convenience with their money transfer needs.

It reaffirms the companies’ shared mission to serve customers’ digital needs by providing fast, reliable and seamless cross-border transactions.

Western Union offers accessible financial services that help people and communities prosper, across more than 200 countries and territories and over 130 currencies.

-- BERNAMA