The Western Union Company (NYSE: WU) inked a deal with the Open Finance company, Khipu, enabling customers to transfer money digitally using any bank account in Chile.
The agreement incorporates Khipu's technology into Western Union's mobile app and website. Earlier, customers paying through a bank account had to leave the Western Union app or website and log into their bank's platform to complete the payment. This step is now removed as a result of the latest integration, allowing the entire transaction to be completed within the Western Union platform. The service is now available via the Western Union Chile app and website.
Western Union has also introduced a special promotion offer with a $0 fee for the first remittance made using the "Online Bank Transfer" option, thereby encouraging customers to explore the new service. The collaboration between WU and Khipu makes sure that cross-border payments can be made faster and more seamlessly by Chile's customers.
Benefits of the Recent Move to Western Union
The recent initiative reflects Western Union's sincere efforts to establish a solid footprint across the Chilean remittance market.
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