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Western Union Teams Up with Linxo to Launch Cross-Border Payments

UTC by Kofi Ansah · 3 min read
Western Union Teams Up with Linxo to Launch Cross-Border Payments
Photo: Depositphotos

Linxo users can also fund their transfers through their bank account or card, with the option of having their funds paid out into billions of bank accounts and millions of digital mobile wallets in 125 countries, as well as the numerous retail locations over 200 countries and territories.

Western Union (NYSE: WU) has teamed up with Linxo, a French fintech firm to advance both domestic and global digital money transfers. The latest collaboration will now enable the over 3.5 million Linxo users to make and manage money transfers through Western Union’s quick, convenient, and reliable platform.

Linxo users can also fund their transfers through their bank account or card, with the option of having their funds paid out into billions of bank accounts and millions of digital mobile wallets in 125 countries, as well as the numerous retail locations over 200 countries and territories.

Massimiliano Alvisini, head of Europe, CIS, and Africa Network at Western Union, in a press release on June 29 stated that the collaboration will give Linxo users access to the broadest digital global network coverage available in the cross-border, peer-to-peer money transfer space. “We are pleased to be joining forces with Linxo, offering the 3.5 million users of this innovative app access to the broadest digital global network coverage within the cross-border person-to-person payment sector,” he stated.

“In France, and across the world, we partner with fintechs, banks, and post offices, offering their customers flexibility and trust underpinned by technology, customer experience, and compliance,” Mr. Alvisini added.

Bruno Van Haetsdaele, CEO and Co-Founder of Linxo Group, speaking after the announcement revealed that the company has always dreamt of creating a virtuous and open ecosystem and the collaboration with Western Union has made that a reality. The CEO added that the firm will continue to integrate new value-added services to provide its users with quality services that will exceed their expectations within the Linxo application.

“By integrating the Western Union platform into our Linxo Marketplace, we are providing our users with a new and seamless customer experience thanks to enhanced functionalities for the management of their financial assets from a single space: consultation and management of accounts, sending or transferring money to their families and loved ones,” Van Haetsdaele stated.

Western Union has been a powerhouse and a global leader in the global financial scene. Its platform facilitates seamless cross-border, cross-currency money movement and payments in over 200 countries and territories and over 130 currencies. The company over the years has connected businesses, financial firms, governments, and consumers through one of the world’s widest-reaching networks.

Linxo Group is a subsidiary of Crédit Agricole Payment Services, which has made use of Crédit Agricole Group’s expertise in marketing, innovation, processing, and interbank representation over the years to establish itself as a known name in the European financial scene. Linxo Group has been developing and marketing solutions for account aggregation, payment initiation, and personal finance management since 2010. Linxo is a leading budget management and bank account aggregation mobile application that is used by more than 3 million people in France for intelligent financial assistance.

Business News, FinTech News, News
Kofi Ansah
Author Kofi Ansah

Crypto fanatic, writer and researcher. Thinks that Blockchain is second to a digital camera on the list of greatest inventions.

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