Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Visa, Western Union expand cross-border money transfers
    Visa Western union parternship
    Visa Western union parternship
    Fintech

    Visa, Western Union expand cross-border money transfers

    By Sylvia ShenMarch 14, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Visa and Western Union have established a seven-year partnership aimed at enhancing cross-border money transfers, facilitating direct transfers to bank accounts and Visa cards across 40 countries and five continents.
    • The collaboration involves various initiatives, including card issuance, integration with Visa Direct for swift transfers, and risk management services, as well as the provision of Visa prepaid cards in select regions.
    • With a focus on providing seamless digital and analog payment options, the partnership also targets improving emergency assistance, pension transfers, and benefit disbursements globally, including support for humanitarian aid efforts by non-governmental organizations and government clients.

    OUR TAKE
    Visa and Western Union have joined forces to improve cross-border money transfers. Many banks are enhancing cross-border money transfer services, which are an integral component of the global economy, facilitating transactions between individuals, businesses, and financial institutions across different countries. These payments play a crucial role in enabling international trade by allowing businesses to pay suppliers, partners, and employees in foreign currencies. Cross-border payments are essential for fostering economic growth, supporting global trade and commerce, enabling international remittances, promoting investment opportunities, and advancing financial inclusion worldwide.

    –Sylvia Shen, BTW Reporter

    Visa and Western Union have forged a seven-year partnership aimed at substantially improving the process of cross-border money transfers.

    Streamlined money transfers

    Through this partnership, Western Union users will find it easier to send money straight to bank accounts and Visa cards in 40 different countries on five continents.

    The collaboration encompasses card issuance, integration with Visa Direct to expedite money transfers, and the delivery of risk management services.

    Also read: Allpay cards and SPICA team up, promising 100% recyclable credit cards

    It will also provide Visa prepaid cards in select countries, providing a smooth fusion of digital and analog payment options. Western Union clients will be able to send money to friends and family anywhere in the globe fast by using Visa Direct.

    The programs aims to make emergency assistance, international pension transfers, and domestic benefit disbursements easier. Prepaid cards from Western Union will also be available to non-governmental organizations and government clients who wish to support humanitarian aid efforts.

    Also read: Atome and Mastercard team up to grow Philippines gaming market

    Expansion continues

    This agreement builds on the two financial services firms’ prior partnerships in 2019 and 2022, which enabled users in the US and Europe to transfer money to Visa cards abroad.

    Additionally, the businesses want to provide Visa and Western Union Debit Cards users throughout Europe, Latin America, Asia Pacific, and North America.

    Visa Western Union
    Sylvia Shen

    Sylvia Shen is an editorial assistant at Blue Tech Wave specialising in Fintech and Blockchain. She graduated from the University of California, Davis. Send tips to s.shen@btw.media.

    Related Posts

    ICANN’s quiet power grab: ICP-2 compliance document raises alarms amid AFRINIC crisis

    July 16, 2025

    Republic Bank (Ghana) Ltd: Strengthening finance across Ghana

    July 16, 2025

    AFRINIC’s RPKI delays leave African internet vulnerable

    July 15, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.