{"id":534492,"date":"2021-09-05T21:03:04","date_gmt":"2021-09-06T01:03:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kyodai-remittance-launches-b2b-cross-border-payments-for-corporate-customers-with-western-union\/"},"modified":"2021-09-05T21:03:04","modified_gmt":"2021-09-06T01:03:04","slug":"kyodai-remittance-launches-b2b-cross-border-payments-for-corporate-customers-with-western-union","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kyodai-remittance-launches-b2b-cross-border-payments-for-corporate-customers-with-western-union\/","title":{"rendered":"KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union"},"content":{"rendered":"

<\/p>\n

KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union <\/b><\/p>\n

The launch is Western Union\u2019s first foray into B2B cross-border payments for corporate customers with a Japanese money transfer provider<\/i><\/b><\/p>\n

TOKYO–(BUSINESS WIRE<\/a>)–
\nThe Western Union Company, a leader in cross-border, cross-currency money movement and payments, has announced that KYODAI Remittance will begin utilizing services from Western Union Business Solutions to fulfill business to business (B2B) cross-border payments for corporate customers.\n<\/p>\n

\nThis is the first time Western Union Business Solutions has formed a business alliance with a Japanese money transfer company for the purpose of B2B international payments. The first phase of KYODAI\u2019s implementation roadmap is to begin using WU\u00ae<\/sup> GlobalPay for Financial Institutions<\/a> to provide business customers with access to direct, reliable payment routes and minimal fees on one of the largest payment networks in the world.\n<\/p>\n

\n\u201cWe are excited to build on the strength of our relationship with KYODIA Remittance and support the institution\u2019s expansion into B2B cross border payments in Japan,\u201d said Haruhiko Ohashi, Head of Japan, Western Union Business Solutions. \u201cWe have worked closely to meet the needs of KYODAI Remittance and its customers, developing a bespoke solution that will integrate our platforms with their environment. We look forward to continued success working with KYODAI Remittance to support the growing international trade market.\u201d\n<\/p>\n

\nKYODAI Remittance has been providing C2C cross border payments through Western Union since 2019 but the revision of Japan\u2019s Payment Services Act on 1st<\/sup> May 2021, which removed the JPY 1 million funds transfer services cap by non-bank institutions2<\/sup>, has enabled the financial institution<\/a> to expand its B2B cross border payment services.\n<\/p>\n

\nFor organizations seeking a partner to optimize cross-border payments, Western Union Business Solutions equips them with the solutions they need to send, receive, and manage international payments. Our extensive global network, spanning 200 countries and territories combined with our local market knowledge, enables organizations of all sizes to manage international payments simply, effectively, and efficiently.\n<\/p>\n

About Western Union<\/b><\/p>\n

\nThe Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union\u2019s 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\u2019s 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<\/a>.\n<\/p>\n

About KYODAI Remittance<\/b><\/p>\n

\nKYODAI Remittance is an international money transfer service launched by Unidos Co. Ltd (Unidos<\/b>) in June 2010, mainly for repatriation of foreign residents in Japan, covering 200 countries and territories1<\/sup>, for remittances of up to 1 million yen per transaction. The alliance between KYODAI Remittance and Western Union Business Solutions will benefit Unidos and its corporate customers by the increased coverage of countries supporting B2B remittances. As of April 2021, the total number of remittances processed by Unidos topped 5.6 million. For further information on KYODAI Remittance, visit https:\/\/kyodairemittance.com\/<\/a>.\n<\/p>\n

1<\/sup> In the case of remittances between individuals, Unidos retain staffs from 21 countries, supporting in more than 20 languages. (As of 2021\/6\/1)
\n
2<\/sup>https:\/\/www.jonesday.com\/en\/insights\/2021\/05\/japans-amended-payment-services-act-could-prompt-more-nonbank-entries-into-traditional-banking-services<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210905005013\/en\/<\/a><\/span><\/p>\n

Western Union Business Solutions
\n<\/b>
English:
\n<\/b>
Cristina Hoole
\n
Cristina.Hoole@wu.com
\n<\/a><\/p>\n

Japanese:
\n<\/b>
Shintaro Homma
\n
Shintaro.Homma@WesternUnion.com
\n<\/a><\/p>\n

Unidos Co., Ltd. Sales and Marketing Department
\n<\/b>
Kosuke Yamazaki
\n
Tel: +813-3280-1029
\n
E-mail: kyamazaki@kyodai.co.jp<\/a><\/p>\n

KEYWORDS:<\/b> Colorado United States Japan North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union The launch is Western Union\u2019s first foray into B2B cross-border payments for corporate customers with a Japanese money transfer provider TOKYO–(BUSINESS WIRE)– The Western Union Company, a leader in cross-border, cross-currency money movement and payments, has announced that KYODAI Remittance will begin utilizing services from Western Union Business Solutions to fulfill business to business (B2B) cross-border payments for corporate customers. This is the first time Western Union Business Solutions has formed a business alliance with a Japanese money transfer company for the purpose of B2B international payments. The first phase of KYODAI\u2019s implementation roadmap is to begin using WU\u00ae GlobalPay for Financial Institutions to provide business customers with … <\/p>\n

Continue reading “KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534492","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kyodai-remittance-launches-b2b-cross-border-payments-for-corporate-customers-with-western-union\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union The launch is Western Union\u2019s first foray into B2B cross-border payments for corporate customers with a Japanese money transfer provider TOKYO–(BUSINESS WIRE)– The Western Union Company, a leader in cross-border, cross-currency money movement and payments, has announced that KYODAI Remittance will begin utilizing services from Western Union Business Solutions to fulfill business to business (B2B) cross-border payments for corporate customers. 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