With the new release, Western Union NGO GlobalPay is now able to send cash payments to 59 countries. By the end of the year, this number will increase to 189 countries. The product will also include enhanced reporting capabilities that will allow NGOs to track when each payment is delivered, and where, allowing full reporting transparency for every transaction they send.
Western Union NGO GlobalPay can now also make payments to mobile wallets in 11 countries in Africa, Asia and Latin America, allowing recipients, especially those who may face difficulties travelling, to receive funds directly to a mobile phone.
Brian Harris continued, “We are excited to have reached a point where we can send funds with even greater scale to allow people to receive cash in person or via mobile wallets. We have already established a number of partnerships with leading non-governmental organisations, including Oxfam and Save the Children, through which NGO GlobalPay has been able to support critical intervention by delivering thousands of payments to help those in need.”
Western Union NGO GlobalPay represents Western Union’s two-year Clinton Global Initiative Commitment to Action and will be fully in force by the end of 2014.Through Western Union Business Solutions services and products, over 500 NGOs have been served. About The Western Union CompanyThe Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 520,000 agent locations in 200 countries and territories and approximately 115,000 ATMs. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving $79 billion of principal between consumers, and 432 million business payments. For more information, visit www.westernunion.com. WU-G
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts