Western Union is teaming up with Visa Direct to enable real time push payments that will bring more speed and transparency to sending money around the world; once this service is live Western Union will offer customers an expedited remittance service onto debit cards; Western Union completed more than 800 million transactions for consumer and business clients in 2018; the global head of push payments for Visa, Bill Sheley, said, “Together Visa Direct and Western Union are collaborating with plans to scale real-time cross border payments to businesses and consumers in more than 200 countries and territories in more than 130 currencies”. Source.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.