View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 13, 2019

Western Union and City Express team up on C2B payments

US-based remittance firm Western Union has joined forces with Japanese peer City Express for consumer-to-business (C2B) payments.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Under the partnership, used cars from Japanese used-car exporter BE FORWARD can be purchased using Western Union and City Express.

The C2B service leverages Quick Pay that is available across the Bahamas, Chile, Democratic Republic of Congo, Mongolia, New Zealand, Tanzania, Uganda as well as Zambia.

Customers using BE FORWARD in these locations can do online shopping on its website. They can make payments for their shopping at a Western Union Agent in their country of residence utilising local currency.

BE FORWARD president Hironori Yamakawa said: “By connecting to Western Union’s robust retail network, we have the unique ability to link our offering to cash payments worldwide and serve many market segments.

“We have widened the category for potential customers by plugging into the Western Union and City Express platforms and enabling them to purchase a used car online and pay in person using local currency.”

Western Union partnerships in Asia  

In October this year, the money transfer firm launched its digital platform WU.com in India to enable cross-border fund transfers globally.

In the same month, the remittance firm also collaborated with Japanese firm Kyodai Remittance for fund transfers.

In August 2019, Filipino lender BDO Unibank expanded its alliance with Western Union to support international money transfers.

Earlier this year, Western Union partnered with Valyou Mobile Wallet in Malaysia, and South Korean lender KEB Hana Bank.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International