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September 18, 2020

Western Union, Isabel Group to support remittances for Belgian firms

Western Union has unveiled a partnership between its business division Western Union Business Solutions (WUBS) and Isabel Group.

Under the alliance, WUBS will provide international payment services to Belgian companies on Isabel Group’s B2B multi-banking platform Isabel 6.

Isabel 6 enables clients to bank online and make payments online. It serves 70,000 professional user clients.

As part of the partnership, these clients will now get access to WUBS’ global payment network across over 200 countries in more than 130 currencies.

Isabel Group CEO Jean Crane said: “We are happy to welcome Western Union Business Solutions as a new international member on the Isabel 6 multi-banking platform.

“This collaboration will add value to our mutual business customers in the processing of their payments and foreign exchange strategies. We are looking forward to working together with this international player in our ecosystem.”

WUBS’ global network is said to enable the Belgian fintech platform’s users to make international payments with ease.

Its foreign exchange specialists will offer a suite of hedging products to help the clients manage their international payments and foreign exchange risk.

WUBS France & Benelux country director Marc-Elie Caspar said: “Together, we will offer our customers an innovative payment solution for foreign exchange transactions, dedicated customer support, negotiated rates and fees and an outstanding level of trust thanks to our European banking license.”

“This type of partnership is part of our DNA at Western Union Business Solutions. We equip and support organisations around the world that are looking for a partner to optimise cross-border payments with solutions for sending, receiving, and managing international payments.”

Last month, Western Union signed a money transfer agreement with Philippines’ Card Bank.

In the same month, Western Union also deepened its partnership with Brazilian financial institution Banco SEMEAR.

In the Philippines, in July, Western Union partnered with Cebuana Lhuillier, a micro-financial service provider.

Western Union also inked a remittance deal with the Philippines’ TrueMoney.

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