Western Union Launches Online Money Transfers in Ukraine

SAN FRANCISCO–(BUSINESS WIRE)– The Western Union Company (NYSE:WU), a leader in global payment services, today announced the launch of online money transfer in Ukraine. The new service is available in collaboration with Public Joint Stock Company Commercial Bank PrivatBank (PJSC CB PrivatBank).

With this capability, Western Union customers in Ukraine can now make fast, convenient and reliable online money transfers on www.westernunion.ua using their Visa or MasterCard credit cards and debit cards issued by any Ukrainian bank.

“Ukraine is an important market for Western Union and we are pleased to announce the launch of new digital services in cooperation with Public Joint Stock Company Commercial Bank PrivatBank and to use their experience in the region. The launch of on-line services in Ukraine is consistent with our global growth strategy that will create additional opportunities for consumers and business,” says Molly Shea, Senior Vice President, Western Union Digital.

“Western Union has become one of the pioneers in introduction of on-line access to the money transfer service, and now we are pleased to offer all people living in Ukraine the opportunity to send transfers virtually anywhere in the world in just a few clicks via their online service,” says Alexander Vityaz, Deputy Chairman of the Board of PJSC PrivatBank. “Further, we are pleased to be deploying the Corezoid.com technology platform to our enterprise customers to support their payment, communication, management and business intelligence applications.”

The Western Union^® cross-border FinTech platform enables an industry-leading pay-in, pay-out capability that leverages technology, foreign exchange conversion, data management, as well as regulatory, compliance and anti-money laundering (AML) infrastructure, to expedite efficient and timely money movement almost anywhere in the world.

With this new web site in Ukraine, Western Union now has online transactional services in 35 countries, enabling consumers to send money to more than 200 countries and territories. Customers can continue to use the extensive Western Union retail Agent network to send or receive money. In addition, consumers can send money and in some countries receivers can opt to direct the funds into an account or into a mobile wallet with select Western Union mobile money providers. Through these channels, Western Union addresses the needs of its customers by giving them easy ways, via digital and retail channels, to send funds whenever, and to nearly wherever they desire.

For more information on Western Union’s global retail and digital¹ capabilities, including mobile applications and mobile money transfer services, please visit www.WesternUnion.com.

¹ Digital refers to WU.com and mobile money transfer channels

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of December 31, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to over one billion accounts. In 2015, The Western Union Company completed 262 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 508 million business payments. For more information, visit www.westernunion.com.

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Source: Western Union