MasterCard and Western Union Team Up on Money Transfers

MasterCard and The Western Union Company announced they are working together to integrate Mastercard Send into the Western Union Money Transfer® service.

First of all, this will allow Western Union to deliver funds to MasterCard and virtually all U.S. debit cards.

In addition, the alliance opens a new channel for U.S. consumers.  They may quickly and conveniently send money via Western Union to the debit cards people use every day.  Furthermore, this will include non-MA cards.  Most noteworthy, Western Union is the money transfer industry’s first to offer the debit card-enabled service via the Mastercard Send platform in the United States.

Finally, it appears that the new Western Union service is expected to be available in early 2018.  They will initially offer digital funds transfers within the U.S. via westernunion.com and the WU mobile app.  Meanwhile, this will enable senders to use their U.S. debit, credit and bank accounts to fund a payment.  Customers simply need to know the recipient’s 16-digit debit card number.

Read more.

Related

JOIN THE DISCUSSION