Western Union in partnership with Banco SEMEAR expands services in Brazil

Source: IBS Intelligence 2020-08-10

Western Union, a leader in cross-border, cross-currency money movement and payments, has announced the expansion of services between its Western Union Business Solutions division and Banco SEMEAR in Brazil to offer the WU GlobalPay for FI platform, the company’s solution for financial institutions that enables customers to make international payments simple and efficient.

Western Union’s GlobalPay for FI provides the benefits of international payment services without the need to invest in new banking systems infrastructure. It is a simple and intuitive system that facilitates the creation of international payments.

“We are very pleased to expand our collaboration with Banco SEMEAR through the integration of GlobalPay. Our digital platform will allow Banco SEMEAR to offer international payments to its customers globally, with confidence and agility,” said Alberto Roncajolo, Western Union Business Solutions head of financial institutions for Latin America and the Caribbean.

Western Union Business Solutions allows organizations to optimize currency movements between different countries with customized solutions for sending, receiving, and managing international payments. According to company data, its online platform allows for processing transactions using a network that spans more than 200 countries and territories and is available in more than 130 currencies.

“The partnership with Western Union Business Solutions consists of expanding the portfolio of products already offered by Banco SEMEAR. The strategic objective is to integrate new operations into the current structure, allowing the leverage and expansion of the institution’s business and target audience,” said Arthur Campos, Superintendent of Banco SEMEAR.

Recently, Western Union appointed Joyce A. Phillips to the Board of Directors.

Established since 2006, Banco SEMEAR offers several financial services to contribute to the economic scenario of Minas Gerais. Company data reveals that it reached two million clients and has more than a thousand banking agents working to bring all products to the end customer.

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Western Union in partnership with Banco SEMEAR expands services in Brazil

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