Visa and Western Union strengthen their partnership, enabling money transfers to 40 countries through Visa cards and introducing prepaid cards for wider accessibility, while also collaborating on facilitating disaster relief efforts.
5 March 2024 – Financial giants Visa and Western Union have announced a significant expansion of their existing partnership, aiming to simplify cross-border money transfers. This 7-year agreement unlocks a range of new features for Western Union customers:
- Expanded reach: Customers can now send funds directly to eligible Visa cards and bank accounts in 40 countries spanning five continents, significantly increasing remittance options.
- Innovative solutions: Western Union introduces Visa prepaid cards in select markets, offering a bridge between physical and digital money movement, catering to unbanked or underbanked populations.
- Humanitarian focus: The collaboration extends beyond individual transactions, with both companies developing programs to support organizations delivering critical funds during emergencies and disasters.
This strategic alliance between Visa and Western Union signifies a commitment to providing faster, more convenient, and secure cross-border payment solutions for individuals and organizations worldwide.
