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- Using Visa Direct capability, Western Union customers in 40 countries will be able to quickly send funds to friends and family around the world
- Companies plan to issue Western Union/Visa Debit Cards across North America, Asia Pacific, Latin American and Europe
- Western Union’s government and NGO customers will also be able to use prepaid cards to aid humanitarian relief
Today, Visa (NYSE: V) announced a 7-year agreement with Western Union (NYSE: WU). Under the new deal, Western Union customers will be able to send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.
The agreement encompasses card issuance, Western Union’s integration with Visa Direct, and value-added services delivery including risk products. Western Union customers will also be able to receive Visa prepaid cards in select markets offering an innovative solution that bridges the physical and digital world.
