Does your institution face these challenges?
Complex regulatory environment
Many banks and credit unions are hesitant to offer international payment and foreign exchange services due to the complex regulatory environment.
Western Union has over 2,500 personnel around the world dedicated to compliance functions. We are dedicated to helping you manage your compliance processes as efficiently as possible.
Simple and efficient global network
Correspondent banks will favor banks and credit unions that bring large transaction volumes, making it harder for you to access favorable pricing.
Our extensive global network combined with our local market knowledge enables you to manage international payments in over 200 countries/territories and in 130+ currencies on behalf of your customers.
Your customers can also receive payments in over 30 currencies.
Help increase revenue opportunities
You may be aware that clients are transacting internationally using other providers. This non-interest revenue stream could be yours.
Give clients access to a global payments network, without having to build and maintain one in-house.
Personalized service
Correspondent banks are multi-focused and often don’t prioritize the needs of international payments clients.
Our experienced team is dedicated to helping ensure the needs of you, and your customers are met efficiently.
FEATURES AND BENEFITS
Efficient mass payments
Send up to 10,000 payments, in multiple currencies via a single file upload. Connect directly to our network via API or Swift protocol, integrate our white labelled solution directly into your banking system.
Meet all your customer needs
Process transactions in house on behalf of your customers, or enable them to self-serve by white labelling our digital solution within your online banking platform.
Lower fees
Your customers send funds internationally using local clearing houses (such as ACH, SEPA or BACS) or local Real-Time Gross Settlement (RTGS) systems, and they may pay lower fees using our 500+ local bank accounts around the world.
Know the full cost
Our global network and digital platform allows you to view transactions in your local currency, so you know in advance the exact cost.
Get the word out
Marketing support and customizable campaigns to help you promote international services to your students.
Help clients’ cash flow
Introduce your clients to simple risk management tools which allow them to lock in an exchange rate for up to 12 months.