{"id":3137,"date":"2024-03-06T12:35:09","date_gmt":"2024-03-06T09:05:09","guid":{"rendered":"https:\/\/footofan.com\/en\/?p=3137"},"modified":"2024-03-06T12:35:09","modified_gmt":"2024-03-06T09:05:09","slug":"visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border","status":"publish","type":"post","link":"https:\/\/footofan.com\/en\/business\/markets\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\/","title":{"rendered":"Visa and Western Union Announce Expanded Collaboration Transforming How Money Travels Cross-Border"},"content":{"rendered":"<div class=\"press-release-body\">\n<ul class=\"bwlistdisc\">\n<li><i>Using Visa Direct capability,\u00a0Western Union\u00a0customers in 40 countries will be able to quickly send funds to friends and family around the world<\/i><\/li>\n<li><i>Companies plan to issue\u00a0Western Union\/Visa Debit Cards across\u00a0North America,\u00a0Asia Pacific, Latin American and\u00a0Europe<\/i><\/li>\n<li><i>Western Union\u2019s government and NGO customers will also be able to use prepaid cards to aid humanitarian relief<\/i><\/li>\n<\/ul>\n<p>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\u2019 eligible Visa cards and bank accounts in 40 countries across five regions.<\/p>\n<p>The agreement encompasses card issuance, Western Union\u2019s integration with Visa Direct, and value-added services delivery including risk products.\u00a0Western Union\u00a0customers will also be able to receive\u00a0Visa\u00a0prepaid cards in select markets offering an innovative solution that bridges the physical and digital world.<\/p>\n<p>Western Union\u00a0and\u00a0Visa\u00a0are also developing disbursement programs for humanitarian organizations and governments to support the delivery of critical funds during a disaster. The programs are intended to support emergency and humanitarian payouts, cross-border pension payouts<sup>2<\/sup>, and domestic benefits and disbursement payouts.<\/p>\n<p>\u201cPeople rely on remittances to send lifeline payments to their loved ones overseas. When we consider the urgency and need for accessibility, secure payment options with added convenience can make all the difference,\u201d said\u00a0Chris Newkirk, Global Head of Commercial &amp; Money Movement Solutions,\u00a0Visa. \u201cVisa\u2019s global scale and Western Union\u2019s digital capabilities are revolutionizing how customers send funds around the world. We are proud to offer more people fast and efficient solutions for cross-border payments.\u201d<\/p>\n<p>\u201cAspiring populations around the world rely on\u00a0Western Union\u00a0to provide them with innovative and accessible financial services that offer flexibility, value and trust,\u201d said\u00a0Sam Jawad, Head of Ecosystem, at\u00a0Western Union. \u201cBy strengthening our strategic collaboration with\u00a0Visa, together we will deliver impactful products and services that can help empower our customers to build a life of opportunity for themselves and their loved ones.\u201d<\/p>\n<p>The agreement builds on Western Union\u2019s existing integrations with Visa Direct in\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.westernunion.com%2F2022%2F08%2F09%2Fwestern-union-and-visa-bolster-their-global-partnership%2F&amp;esheet=53903164&amp;newsitemid=20240305895918&amp;lan=en-US&amp;anchor=2022&amp;index=1&amp;md5=94b4f08e89388f0e09203204bd459cde\" target=\"_blank\" rel=\"nofollow noopener\" shape=\"rect\" data-penci-link=\"external\">2022<\/a>\u00a0and\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.visa.com%2Fnews%2Fnews-details%2F2019%2FVisa-and-Western-Union-to-Bring-Speed-Simplicity-and-Transparency-to-Global-Payments%2Fdefault.aspx&amp;esheet=53903164&amp;newsitemid=20240305895918&amp;lan=en-US&amp;anchor=2019&amp;index=2&amp;md5=cc4c374b82d401329f42f53118b55bbc\" target=\"_blank\" rel=\"nofollow noopener\" shape=\"rect\" data-penci-link=\"external\">2019<\/a>, which enabled US and European customers to send and\/or receive funds directly to eligible\u00a0Visa\u00a0card holders overseas.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019 eligible Visa cards and bank accounts in 40 countries across five regions.<\/p>\n","protected":false},"author":2,"featured_media":3139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[16,20],"tags":[612,673],"class_list":["post-3137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-top","tag-visa","tag-western-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.7 (Yoast SEO v28.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Visa and Western Union Announce Expanded Collaboration Transforming How Money Travels Cross-Border<\/title>\n<meta name=\"description\" content=\"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\u2019 eligible Visa cards and bank accounts in 40 countries across five regions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/footofan.com\/en\/business\/markets\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa and Western Union Announce Expanded Collaboration Transforming How Money Travels Cross-Border\" \/>\n<meta property=\"og:description\" content=\"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\u2019 eligible Visa cards and bank accounts in 40 countries across five regions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/footofan.com\/en\/business\/markets\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\/\" \/>\n<meta property=\"og:site_name\" content=\"Footofan Magazine\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/en.footofan\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T09:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/footofan.com\/en\/wp-content\/uploads\/2024\/03\/Card-Phone-1-WesternUnion-RO17857-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"990\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Footofan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@en_footofan\" \/>\n<meta name=\"twitter:site\" content=\"@en_footofan\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Footofan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/\"},\"author\":{\"name\":\"Footofan\",\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/#\\\/schema\\\/person\\\/dc46c14976ae892496157920db927c29\"},\"headline\":\"Visa and Western Union Announce Expanded Collaboration Transforming How Money Travels Cross-Border\",\"datePublished\":\"2024-03-06T09:05:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/\"},\"wordCount\":379,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/footofan.com\\\/en\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Card-Phone-1-WesternUnion-RO17857-scaled-1.jpg\",\"keywords\":[\"Visa\",\"Western Union\"],\"articleSection\":[\"Markets\",\"TOP\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/\",\"url\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/\",\"name\":\"Visa and Western Union Announce Expanded Collaboration Transforming How Money Travels Cross-Border\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/footofan.com\\\/en\\\/business\\\/markets\\\/visa-and-western-union-announce-expanded-collaboration-transforming-how-money-travels-cross-border\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/footofan.com\\\/en\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Card-Phone-1-WesternUnion-RO17857-scaled-1.jpg\",\"datePublished\":\"2024-03-06T09:05:09+00:00\",\"description\":\"Today, Visa (NYSE: V) announced a 7-year agreement with Western Union (NYSE: WU). 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