Western Union, the global payment services provider, has enhanced its international direct-to-bank transfer service to select banks in India, enabling customers to transfer money through Immediate Payment Service (IMPS).
IMPS, approved by the Reserve Bank of India to facilitate cross-border money transfer, will help customers to transfer money in minutes to account holders of select banks using Western Union’s link between its retail agent network and digital transactional sites in the select countries.
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The service, provided in collaboration with IndusInd Bank, will be initially available using cash and debit cards at participating agent locations, and debit and credit cards at Western Union website.
Hikmet Ersek, president and CEO of Western Union, said, "We move money that helps finance the futures of millions — largely global workers and their families. Linking our global retail Agent network with digital capability means convenience, reliability and speed for our customers."
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