According to Economic Impact of Real-time Payments, Deloitte, July 2019, real-time payments can enhance financial inclusion and improve the efficiency of financial systems. Western Union continues to increase the reach of our real-time cross-border payments services, which can be used to send money to banks or digital wallet providers in 50 countries across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.
Western Union also offers real-time payments into India via the Unified Payments Interface (UPI), a system developed by the National Payments Corporation of India. It allows Western Union customers globally to send money to bank accounts in India by using the receiver’s UPI identification, instead of providing bank account and routing details.
The faster money moves into the hands that need it, the faster it goes to work strengthening families, communities and economies. That’s where convenience meets inclusion, and another way in which Western Union moves money for better. You can learn more about how we’re moving money for better by reading our second annual environmental, social, and governance (ESG) report.