Payments
Western Union partners with Korea Investments for money transfers
May 10, 2021
Western Union, a cross-border money management and payments provider, has partnered with Korea Investment & Securities to offer South Korean customers consumer-to-consumer money transfers through retail and digital channels, according to a press release.
Account holders can use the website truefriend.com or the company's mobile app to send and receive payments at more than 88 Korea I&S locations. Recipients can get the money at more than 550,000 retail locations in more than 200 countries and territories.
"Western Union is a global leader in cross-currency, cross-border money movement, enabled by technology," K. Premmananth, head of network, Singapore, Indonesia and North Asia, Western Union, said in the release. "We have challenged ourselves to leverage our platform to offer many new ways for our customers and clients to move money globally. We are delighted to collaborate with Korea I&S, providing a multi-channel offering connecting the digital with the physical and servicing a multi-generational user base."
