The Western Union Company, a leader in cross-border, cross-currency money movement and payments, has teamed up with Guavapay, a multi-functional and international payments services provider to provide cost-effective and reliable cross-border payments. Together with Western Union Business Solutions, Guavapay can provide its customers with faster cross-border payments, highly competitive exchange rates, and access to over 130 currencies in more than 200 countries.
The partnership will introduce a new, more frictionless payments scheme that aims to deliver a faster, cheaper and more convenient cross-border payment infrastructure. Moreover, the partnership will help to remove some of the complexities of traditional cross-border money movement.
Orkhan Nasibov, the Director at Guavapay, shares his vision for the partnership:
“We are very excited about this partnership. Guavapay has always been on a mission to enable its customers with seamless and smooth payments. Western Union Business Solutions is a company that millions of people trust for their financial needs and this collaboration will help create more choices and opportunities for our customers to make reliable fund transfers at an affordable and sustainable fee and faster rate. Western Union’s global network and reach across more than 200 countries will help to expand our access to the international market and raise the bar for seamless cross-border money transfers even further.”
Karen Penney, VP of Payments at Western Union Business Solutions, added:
“We are thrilled to contribute to Guavapay's mission to keep innovating and generating opportunities for businesses across the globe. The integration of our API solution with their platform will help to add value to their customers by providing access to 95% of the globe via our payment network. Together we also offer a seamless brand experience and enable them to keep control over their user Interface.”
Guavapay Limited is a UK-based multi-functional and international payment services provider driving innovation and business optimization.
Guavapay services range from comprehensive payment processing solutions to cross-border payments and remittances that can benefit everyone from small businesses to corporations. Merchant Acquiring, E-commerce propositions provide customers with all the necessary services for payments acceptance.
Guavapay has developed a global payment network that includes Cross Border Payments, Wire Transfers (BACS, CHAPS) Bank Account Credits introduced by Guavapay’s subsidiary and remittances trademark, MyMoneyMove™ for cost-effective payments services in partnership with the largest Financial Institutions and leading Banks in more than 100 countries around the globe.
About Western Union:
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect businesses, financial institutions, governments, and consumers through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and over half a million retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.