Does your organisation face these challenges?
Increasing number of overseas retirees
With more and more people emigrating overseas to retire, Pension Funds and Administrators face the challenge of managing international payments efficiently and cost effectively.
Our online platforms can help streamline international payments to reduce administrative burdens and enable your members to receive payments in their chosen currency.
Your business reputation can be impacted when members don’t receive their pensions payments on time.
Help maintain a positive member experience by leveraging a global banking network to streamline your payment processes. Funds will pass through less intermediaries, helping to efficiently reach your beneficiaries in their local currency.
Paying the right member, the right amount
Help minimise your exposure to fraud through mitigating the risk of overpaying non-entitled beneficiaries and increasing identity compliance.
With our unique Global Existence Solution we can verify your international members’ identities in person, at hundreds of thousands of WU® Agent locations across the globe.
Managing regulations across countries
Sending payments to members in multiple overseas locations requires meeting local regulations in each country. This can be a time consuming and complicated task for your organisation.
Our International Pensions experts can help you design an individual solution for your or-ganisation, which keeps you up-to-date with ever-changing payment requirements, in-country holidays and local processing times.
FEATURES AND BENEFITS
International pensions expertise
Work in partnership with our International Pensions experts to design a bespoke cross-border payments solution for your organisation.
Global reach, local presence
Pay your members living overseas in over 130 currencies in 200 countries and territories, using your local currency, without the need for international bank accounts.
Minimise member payments enquiries
Give your members peace of mind and keep them informed with automated notifications when their pension payments are released.
Seamlessly integrate your ERP software
Front and/or Back end integration.
Hear what our clients have to say
“Beyond streamlined international payments, the support we received through the transition, and ongoing has been excellent. We were trained face-to-face on how to use the platform, and if we ever need support the team is always happy to help,”
“The integration has resulted in substantial cost savings because any rejected payments are held in local currency, which means we are not exposed to fx volatility.”
“The new system has proved very effective in delivering a more robust and less time consuming existence check for our overseas pensioners.”
“WU GlobalPay means all our banking data is pre-validated which has helped increase the accuracy rate of our international payments to around 99%”
"Our payments now reach members sooner, and the Western Union Business Solutions network helps reduce fees so payments arrive in full, and quickly."