Millions of additional consumers will now be able to easily send and receive money across borders fast no matter what time of the day or night thanks to a new partnership Western Union has formed with large financial institutions in Africa.
Customers of KCB Bank of Kenya, Diamond Trust Bank, and Kenya Post Office Savings Bank now can use Western Union's digital money transfer services using their bank's mobile apps, according to a news release.
"Customers, globally and in Africa, want flexibility and trust in their cross-border money transfers and payments. At Western Union, we give them both," Massimiliano Alvisini, Western Union's senior vice president and general manager, said in the release.
The release stated that customers in Africa are now able to reach billons of bank accounts, wallets, debit cards, and more than a half a million agent locations across more than 200 countries.
"We are delighted with the opportunity to integrate our global money movement capabilities to enhance the customer experience of major African financial institutions," Alvisini said in the release.
Customers of the three financial institutions also have the ability to receive international money transfers right into their bank accounts, according to the release.
The release stated that KCB Bank Kenya Limited is the "largest commercial bank" in that nation.
Diamond Trust Bank is an affiliate of the Aga Khan Development Network and has operated in East Africa for more than seven decades, the release stated.
According to the release, the Kenya Post Office Savings Bank was established in 1910 earning its legacy as one of the oldest financial institutions in Africa.
The Western Union Company is a "global leader in cross-border, cross-currency money movement and payments," the release stated. The company provides a network to connect businesses, financial institutions, governments and people, giving them the ability to transfer money with ease.