Western Union and Al Fardan Exchange launch high value direct-to-account payout transfers from the UAE to the world

Money By Karen Santos July 15, 2021

Western Union and Al Fardan Exchange, one of the leading financial service providers in the country, have come together to launch high-value direct-to-account payout transfers from the United Arab Emirates (UAE) to the world, reflecting their commitment to enhance services for customers.

Consumers in the UAE can now send up to AED 183,600 (USD50,000) via their smartphones from wu.com or Western Union mobile app, funded from accounts, directly into bank accounts in many countries worldwide. They can also make direct transfers to bank accounts from Al Fardan Exchange retail locations in the UAE.

The launch of high-value account payout transfers from Western Union’s digital and retail channels is another milestone in the company’s continuous efforts to cater to the diverse money movement needs of customers in the UAE. Many of the consumers in the UAE are global citizens with assets and investments in multiple countries.

The opportunity to send up to AED183,600 (USD50,000) per transaction, 24/7, around the world, will enable consumers to send money in larger values at a very competitive cost with end-to-end transparency, convenience, and speed.

Western Union’s mobile app and revamped website in the UAE enable consumers to send money to their families and loved ones 24/7 from the comfort of their homes for payout throughout Western Union’s global financial network of bank accounts, wallets, and Agent locations. They may choose to pay for transactions on the website or within the app using debit, credit cards, or bank transfers.  Customers also may choose to start a transaction online and then pay cash in person at any Al Fardan Exchange retail locations.

Western Union has been providing money transfer services in the UAE for over 20 years and, as at March 31, 2021, has more than 900 retail agent locations in-country.