WeChat has partnered with Western Union, a leader in global payment services, to offer WeChat users in the United States the ability to send and receive money cross-border to 200 countries and territories via the company’s WU Connect platform.
The partnership marks WeChat as the first social communication application to provide a technology platform to support person-to-person cross-border money transfer capabilities to more than 200 countries and territories. The capability is now available to WeChat users in the United States, with planned rollouts to additional countries in the future.
“Western Union’s omni-channel strategy is combining our digital presence with our distribution network that pays out in over 200 countries and territories,” said Hikmet Ersek, CEO, Western Union. “By teaming with WeChat and deploying the WU Connect platform to its North American users, Western Union is offering yet another new method for consumers to move money worldwide.”
The recently announced WU Connect platform embeds Western Union’s global money transfer capability into third-party digital platforms to provide users with new ways to quickly and conveniently send money to friends and family. Consumers are able to fund the money transfer utilizing a debit card, credit card or bank account and easily direct the funds to a Western Union retail agent location around the world, and to a mobile wallet or bank account where available.