The Western Union Co.’s real-time digital payout service for sending money real-time to bank accounts, digital wallets, and cards, is now available in 100 countries. The service, which was announced in September 2019 at Western Union’s investor day conference, leverages Western Union’s more than 40 banking and payment partnerships covering more than 100 countries to move money between financial institutions that provide connections to billions of customer accounts and digital wallets for deposits.
Prior to being able to move money directly to consumers’ bank accounts or digital wallets, the financial services and communications company was able to facilitate real-time payments through its network of 550,000 agent locations in 200 countries and territories.