{"id":690031,"date":"2022-09-28T21:03:04","date_gmt":"2022-09-29T01:03:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-launches-international-money-transfers-for-weixin-users-in-china\/"},"modified":"2022-09-28T21:03:04","modified_gmt":"2022-09-29T01:03:04","slug":"western-union-launches-international-money-transfers-for-weixin-users-in-china","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-launches-international-money-transfers-for-weixin-users-in-china\/","title":{"rendered":"Western Union Launches International Money Transfers for Weixin Users in China"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Western Union Launches International Money Transfers for Weixin Users in China<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b><i>Western Union collaborates with Shanghai Pudong Development Bank and Tencent Financial Technology so that Chinese nationals can receive international money transfers in real-time through Weixin<\/i><\/b><\/li>\n<li><b><i>Western Union empowers Weixin users in China with the choice to receive international cash transfers digitally <\/i><\/b><\/li>\n<\/ul>\n<p>BEIJING&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.westernunion.com%2Findex.html&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=Western+Union&amp;index=1&amp;md5=4ba6fa7434504174080b4e57bf7e84aa\">Western Union<\/a> today announced that it has launched inbound international money transfers for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wechat.com%2F&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=Weixin&amp;index=2&amp;md5=be3c0ba8c246441f46b5897446277500\">Weixin<\/a><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wechat.com%2F&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=%26%238217%3Bs&amp;index=3&amp;md5=f31040662860fe9097bad4329bf7b0ec\">\u2019s<\/a> approximately one billion users in China.\n<\/p>\n<p>\nActivated in collaboration with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.spdb.com.cn%2F&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=Shanghai+Pudong+Development+Bank&amp;index=4&amp;md5=ccd885067a6d75f88cc5bb30c2185f1a\">Shanghai Pudong Development Bank<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tencent.com%2Fen-us%2Fabout.html%23about-con-1&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=Tencent+Financial+Technology&amp;index=5&amp;md5=a2c56e6cb064345c0cdb84b52ce4766b\">Tencent Financial Technology<\/a>, Chinese customers will now be able to receive money in real-time through the \u201cWeihuikuan\u201d Mini Program, a lite app integrated in Weixin. Weihuikuan offers a completely digital, in-app experience, enabling Weixin\u2019s approximately one billion users to receive international cash transfers from their loved ones digitally, into their bank accounts.\n<\/p>\n<p><b><span class=\"bwuline\">Delivering excellence in experience as customers transfer money<\/span><\/b><\/p>\n<p>\nAccording to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mckinsey.com%2F%7E%2Fmedia%2Fmckinsey%2Ffeatured%2520insights%2Fchina%2Fthe%2520future%2520of%2520digital%2520innovation%2520in%2520china%2520megatrends%2520shaping%2520one%2520of%2520the%2520worlds%2520fastest%2520evolving%2520digital%2520ecosystems%2Ffuture-of-digital-innovation-in-china.pdf&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=industry+research&amp;index=6&amp;md5=904abcb35b2b96062d125c41b22156db\">industry research<\/a>, China is home to a vast pool of internet users\u2014larger than the U.S. and EU combined. After leapfrogging areas within the digital economy such as e-commerce and fintech solutions for financial inclusion, cutting-edge innovations have brought about a shift in Chinese consumer expectations for money transfer providers to offer safety, security, convenience and speed. Today\u2019s announcement aims to deliver on these expectations. It underpins Western Union\u2019s strategy to bridge the physical and digital worlds of money, by giving Weixin customers flexibility in how they receive their transfers.\n<\/p>\n<p>\n\u201cThe future of money movement is about choice, supported by technology-led innovative partnerships,\u201d said Jenny Wu, Country Director of China and Mongolia at Western Union. \u201cChina is the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.knomad.org%2Fsites%2Fdefault%2Ffiles%2F2022-05%2FMigration%2520and%2520Development%2520Brief%252036_May%25202022_0.pdf&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=third+largest+recipient+of+remittances+globally&amp;index=7&amp;md5=2196f32c56e0dec4557a11b956347cdf\">third largest recipient of remittances globally<\/a>, receiving approximately USD53 billion in 2021. This makes it even more imperative that Western Union delivers on its commitment to transform experiences for the country\u2019s tech-savvy customers.\u201d\n<\/p>\n<p>\n\u201cWestern Union has connected individuals to their families and loved ones globally for over 170 years,\u201d WU added. \u201cThe new service on Weixin, launched in cooperation with Shanghai Pudong Development Bank and Tencent Financial Technology, is pivotal to delivering on our joint commitment to maintain that vital connection between customers and their families. I am optimistic that together, we can play our part in advancing digital financial inclusion in the country.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">Weixin Users can receive up to USD3000<\/span><\/b><\/p>\n<p>\nWestern Union\u2019s network reaches billions of bank accounts, including millions of wallets and cards in over 130 countries, and Agent locations in more than 200 countries and territories. Today\u2019s announcement will enable Weixin users in China to receive Western Union money transfers in Renminbi equivalent of up to USD3000 per transfer. Weixin users can deposit their funds real-time into their bank accounts by entering the Money Transfer Control Number (MTCN) and other relevant details in the \u201cWeihuikuan\u201d mini program.\n<\/p>\n<p><b>About Western Union<\/b><\/p>\n<p>\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 approximately 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world\u2019s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.westernunion.com&amp;esheet=52928751&amp;newsitemid=20220928005466&amp;lan=en-US&amp;anchor=www.westernunion.com&amp;index=8&amp;md5=d108cc982e456b077c3694ed83cf962c\">www.westernunion.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220928005466r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220928005466\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220928005466\/en\/<\/a><\/span><\/p>\n<p><b>Western Union<br \/>\n<\/b><br \/>Karen Santos; <a rel=\"nofollow\" href=\"mailto:Karen.Santos2@westernunion.com\">Karen.Santos2@westernunion.com<br \/>\n<\/a><br \/>Saadia McGlinchey; <a rel=\"nofollow\" href=\"mailto:Saadia.McGlinchey@wu.com\">Saadia.McGlinchey@wu.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Apps\/Applications Mobile\/Wireless Technology Payments Finance Fintech Banking Professional Services Software Digital Cash Management\/Digital Assets<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220928005466\/en\/1577652\/3\/Western_Union_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Western Union Launches International Money Transfers for Weixin Users in China Western Union collaborates with Shanghai Pudong Development Bank and Tencent Financial Technology so that Chinese nationals can receive international money transfers in real-time through Weixin Western Union empowers Weixin users in China with the choice to receive international cash transfers digitally BEIJING&#8211;(BUSINESS WIRE)&#8211;Western Union today announced that it has launched inbound international money transfers for Weixin\u2019s approximately one billion users in China. Activated in collaboration with Shanghai Pudong Development Bank and Tencent Financial Technology, Chinese customers will now be able to receive money in real-time through the \u201cWeihuikuan\u201d Mini Program, a lite app integrated in Weixin. Weihuikuan offers a completely digital, in-app experience, enabling Weixin\u2019s approximately one billion users &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/western-union-launches-international-money-transfers-for-weixin-users-in-china\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Western Union Launches International Money Transfers for Weixin Users in China&#8221;<\/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-690031","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Western Union Launches International Money Transfers for Weixin Users in China - 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\/western-union-launches-international-money-transfers-for-weixin-users-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Union Launches International Money Transfers for Weixin Users in China - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Western Union Launches International Money Transfers for Weixin Users in China Western Union collaborates with Shanghai Pudong Development Bank and Tencent Financial Technology so that Chinese nationals can receive international money transfers in real-time through Weixin Western Union empowers Weixin users in China with the choice to receive international cash transfers digitally BEIJING&#8211;(BUSINESS WIRE)&#8211;Western Union today announced that it has launched inbound international money transfers for Weixin\u2019s approximately one billion users in China. Activated in collaboration with Shanghai Pudong Development Bank and Tencent Financial Technology, Chinese customers will now be able to receive money in real-time through the \u201cWeihuikuan\u201d Mini Program, a lite app integrated in Weixin. 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Activated in collaboration with Shanghai Pudong Development Bank and Tencent Financial Technology, Chinese customers will now be able to receive money in real-time through the \u201cWeihuikuan\u201d Mini Program, a lite app integrated in Weixin. 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