Western Union is leveraging Plaid’s open banking infrastructure for cash transfers in Europe.
The transfer is anticipated to profit finish customers by providing a quicker, safer funds expertise with out negatively impacting the person expertise.
Leveraging open banking funds may even create operational efficiencies for Western Union staff.
Plaid introduced this week that Western Union has chosen to leverage its infrastructure to supply its prospects in Europe seamless open banking funds. Western Union anticipates the transfer will provide its prospects extra flexibility in how you can ship cash to household and associates.
By leveraging open banking expertise, funds transferred utilizing Western Union can be quicker and could have increased thresholds for security and safety with out including friction to the person expertise.
“Customers are demanding simpler and less complicated border-less funds with out compromising on safety, mentioned Plaid Head of Europe Brian Dammeir. “Plaid is delighted to collaborate with Western Union to allow customers to make bigger funds, safer and quicker.”
The brand new expertise may even profit Western Union staff by creating operational efficiencies. Plaid’s open banking expertise streamlines Western Union’s inner operations and enhances its fee infrastructure by offering a typical customary of funding throughout Europe.
“It was nice working with Plaid to supply a brand new, simpler method of doing cash transfers with us,” mentioned Western Union VP Omnichannel Advertising Bart Stence. “This collaboration exhibits how we at Western Union put money into innovation to supply our prospects with the flexibleness and belief they want.”
Picture by Krivec Ales
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