Western Union Enters Deal With Bank Of China

By Haruna Kobayashi, for ExpatBriefing.com 17 December, 2014

Western Union's money transfer services will be available at 10,000 Bank of China branches and sub-branches across mainland China from next year.

The move means that Bank of China customers will be able to receive remittances directly into their online banking-enabled accounts, with collection also possible at selected self-service kiosks.

Western Union explained that the partnership with the bank is part of its efforts to modernize the way it reaches its customers.

Zhu Shumin, Bank of China's Executive Vice President, said that cross-border financial services have always been a "key focus" for the bank. He explained: "Our cooperation will allow our joint customers to enjoy an even bigger range of remittance products, more convenience, and raise our service standards."

The agreement will bring the total number of locations in mainland China where Western Union's services are available to 32,000.

Tags: Banking | Financial Services | China | Standards | Services | Expats | Money Transfers |


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