Tencent’s WeChat has become the first social communication application to provide a technology platform to support person-to-person cross-border money transfer capabilities to more than 200 countries and territories. WeChat U.S.users can now access Western Union’s WU Connect platform.
The recently announced WU Connect platform embeds Western Union’s robust global money transfer capability into third-party digital platforms to provide users with new ways to quickly and conveniently send money to friends and family. Consumers are able to fund the money transfer utilizing a debit card, credit card or bank account and easily direct the funds to a Western Union retail agent location around the world, and to a mobile wallet or bank account where available.
WeChat is one of the world’s fastest growing social apps, innovating new ways to connect, communicate and share. WeChat together with its sister product Weixin in China had over 650 million of monthly active user accounts at end of September 2015, bringing together messaging, social communication and games all within on easy-to-use app. Users can choose to send free text and multimedia messages, make video calls or share photos on their closed Moments social network.
The capability is now available to WeChat users in the United States, with planned rollouts to additional countries in the future.
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