Western Union (NYSE: WU) announced on Tuesday that it and La Banque Postale, the banking subsidiary of France’s postal services’ operator, La Poste Group, is now planning to expand its digital payments. Western Union reported that the integration of its global cross-border, cross-currency digital money movement platform within La Banque Postale’s mobile app and website will enable more than seven million online registered La Banque Postale customers to access Western Union’s international payment services and experience.
Speaking about the expansion, Hikmet Ersek, President and CEO, Western Union, stated:
“I am incredibly proud to extend our relationship with La Poste Group and La Banque Postale as agent of Western Union. It has been thrilling to see how our two companies have innovated and collaborated to provide consumers with omnichannel service, offering the flexibility of a fully digitalized web and app experience.”
Western Union further explained its cross-border, cross-currency money movement platform – including global settlement capabilities, network, compliance and technology systems, which enables international real-time cross-border transfers for financial institutions like La Banque Postale. Western Union added:
“Western Union’s initial association with La Poste Group commenced two decades ago with international retail money transfer services. La Poste Group has operated as a Western Union Agent for more than 20 years and now also leverages Western Union’s digital platform.”