Western Union Expands Payment Services in Jamaica
November 22 2018 - 8:00AM
Business Wire
Western Union extends collaboration with
GraceKennedy’s FX Trader brand to offer WU® GlobalPay for FI
The Western Union Company (NYSE: WU), a leader in cross-border,
cross-currency money movement, has announced an extended
collaboration with GraceKennedy Currency Trading Services (GKCTS),
to introduce the WU® GlobalPay for FI platform. This global
platform enables businesses in Jamaica to make fast, efficient and
affordable payments around the world with a trusted international
partner.
The GlobalPay for FI platform enables GKCTS, which trades under
the brand name FX Trader, to process transactions on behalf of its
customers using an international payment network that spans more
than 200 countries and territories around the world and in nearly
130 currencies. The simple, intuitive payment platform makes it
easy for FX Trader staff to create international orders and find
beneficiary bank information.
“We are proud to expand our collaboration with GraceKennedy’s FX
Trader brand,” said Alfred Nader, vice president of Western Union
Business Solutions for the Latin America and Caribbean region. “By
adopting the WU GlobalPay for FI platform, GraceKennedy Money
Services becomes the first financial institution in Jamaica with
access to 130 currencies, the ability to process payments 24-hours
a day and acquire an important competitive advantage in the
financial sector.”
Western Union Business Solutions works with financial
institutions to improve the revenue and retention potential of
international payment services. Regardless of the size of an
institution, Western Union Business Solutions offers global
solutions and specialized support to make their international
payment offerings world-class.
"Today's announcement will bring a new era of industry-leading
financial services to businesses in Jamaica," said Don Wehby, Group
Chief Executive Officer of GraceKennedy Limited. "We are very proud
to bring the GlobalPay for FI platform to our customers, which will
offer a world-class payment solution and open new opportunities of
growth."
For more information about WU® GlobalPay for FI which enables
clients to streamline their payment processes, help reduce payment
costs, improve cash and risk management, and potentially boost your
retention and satisfaction rates, please visit the GlobalPay for FI
website.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of September
30, 2018, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2017, is available in more than 50
countries and territories to move money around the world. In 2017,
we moved over $300 billion in principal in nearly 130 currencies
and processed 32 transactions every second across all our services.
With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
About GraceKennedy Money Services
GraceKennedy Money Services (GKMS) is the umbrella brand for the
services offered by FX Trader - The Foreign Exchange Place from
GraceKennedy Money Services, and Bill Express - The Bill Payment
Place from GraceKennedy Money Services and Western Union - Moving
Money for Better. Some or all of these services may be found in
Jamaica, Trinidad and Tobago, Guyana, Anguilla, St. Kitts and
Nevis, St. Vincent and the Grenadines, British Virgin Islands,
Montserrat, the Cayman Islands, the Turks and Caicos and The
Bahamas. For more information, visit www.gkmsonline.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181122005229/en/
Western Union Business SolutionsNatalie Campos Mejía, +55
11 98973 7840natalie.campos@wu.comGraceKennedy Money
ServicesYolande Gyles Levy, 876 936
9878yolande.gyles.levy@gkco.com
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