Western Union has announced that Bank of China will offer Western Union Money Transfer services at its branches and sub-branches throughout mainland China.
The move will permit consumers to receive international remittances directly into their online banking-enabled accounts at 10,000 Bank of China locations in provinces and regions throughout the country.
The services, which are expected to be launched in 2015, are part of Western Union’s omni-channel strategy that bridges the customer retail experience with digital innovation.
Zhu Shumin, executive vice president of Bank of China, said: "Cross-border financial services have always been Bank of China’s competitive edge and key focus.
"Western Union is one of the world’s largest and most experienced international money transfer companies, and Bank of China is the most international and diversified Chinese commercial bank. Our cooperation will allow our joint customers to enjoy an even bigger range of remittance products, more convenience and raise our service standards."