The new mobile-friendly payment service is now available in countries where Western Union currently offers online payment and foreign exchange services through its Business Solutions division, including the United States, Canada, the United Kingdom, Germany, Italy, France and Australia.
The new mobile service is designed for busy professionals and offers an intuitive interface for customers making international business payments. The service, which offers more than 140 currencies to choose from, allows users to make payments to suppliers in global markets anywhere, anytime, and lock in a currency-exchange rate and fee before transferring funds.
According to an IE Market Research Corp. report, mobile payments will reach one billion users and the $1 trillion transaction mark in the next five years.
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