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Feb 19, 2020 | News Releases

IODM Limited and Western Union Provide Update on Reciprocal Referral Agreement

IODM and Western Union Business Solutions have now entered into an umbrella agreement in Europe which paves the way for immediate expansion of the partnership

Leading accounts receivable and operational efficiency solution company, IODM Limited (ASX: IOD) (“IODM”), is pleased to provide an update to the formal relationship established with Western Union Business Solutions in Australia, announced on the 25th September 2019 (the “Agreement”).

IODM and Western Union Business Solutions have now entered into an umbrella agreement in Europe which paves the way for immediate expansion of the partnership into Italy, with further potential to cooperate in France, Ireland, Germany, Austria, Belgium, the Netherlands, Spain, the United Kingdom, Czech Republic, Poland and Slovakia.


IODM is very encouraged with this expanded reciprocal referral arrangement as we have seen early success from the Agreement and look forward to dealing further with Western Union Business Solutions in Europe.

IODM’s product works well with Western Union Business Solutions’ platform to provide clients with an efficient way for processing payments. This expansion is another meaningful step in advancing IODM’s brand awareness program and continues to be mutually beneficial to both companies. IODM CEO Mark Reilly commented, “This announcement further underpins the security of the relationship and the global plans that IODM and Western Union Business Solutions have before them in the coming years.”

Western Union Business Solutions’ Global Head of Channel Partners Howard Young said, “We are excited by the potential of this partnership and this development further highlights our commitment to scale into our existing territories around the world. This partnership enables us to introduce interested clients to IODM to consider their innovative solutions in managing accounts receivables. Western Union offers foreign exchange and payments solutions to help streamline cross border payments and to manage foreign exchange risks. We believe that IODM’s goal of delivering operational efficiencies to clients sits in alignment with our own value proposition.”