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Fintech & Ecommerce

Western Union expands cooperation with Asian bank

Jul 24, 2020

South Korean customers can send money to their close ones in over 200 countries and territories

Western Union Asian bank

Western Union expands cooperation with Asian bank. Source:?shutterstock.com

Western Union has expanded its cooperation with NH Bank. This way, the bank’s NongHyup (Agricultural Co-operative) has been appointed as a sub-agent to offer Western Union money transfer services.

Customers will now be able to send money at select NongHyup locations, scaling up to over 400 locations by the end of 2020.

The bank wants to reach the goal of more than 4,000 locations across the country for over 4 years.

At the heart of what we do at Western Union is the ability to connect people, allowing them to move money around the world, often within minutes. We remain committed to maintaining the widespread service to provide consumers greater access and financial inclusion. We are now experiencing a world where opportunities and growth are unlocked by new partnerships and we are excited to bring NongHyup onboard, enabling customers to conveniently connect with their families and loved ones back home
Sohini Rajola, Head of Network – Middle East and Asia Pacific, Western Union

We’ve reported that Western Union?has announced?a new strategic partnership with AXA. This collaboration offers affordable life and disability insurance solutions to consumers in?France?by sending money via Western Union to 10 African countries.

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