Western Union Links to Swift GPI, Expands Global B2B Payments Platform

US-based Western Union Business Solutions, the payments arm of the Western Union Company, has announced the expansion of its global capabilities, bringing different payment services to business customers. 

The payments division of Western Union has integrated with the Swift Global Payment Initiative (GPI), a conduit to domestic faster payments networks, for faster transfers, and has added international currency options. The increase in currency options to 130 within the Western Union Mass Payments API provides more choices for cross-border payments clients of Western Union Business Solutions.

The announcement comes on the heels of Western Union's continuous effort to strengthen its payment capabilities as it executes strategy to advance its leadership in cross-border and cross-currency financial flows.

By integrating SWIFT GPI, Western Union Business Solutions advances its best-in-class global financial network for a growing portfolio of business customers seeking greater operational efficiency for payments worldwide. As a SWIFT GPI member, Western Union Business Solutions will provide clients with increased visibility and certainty that their payments will rapidly reach their intended destination.

"Western Union Business Solutions are continuously advancing our capabilities to give our clients the tools to access the growing global marketplace. Adding Swift GPI and expanding our currency portfolio within our Mass Payments API advances not only our competitive advantage but that of our customers," said Scott Johnson, Head of Product at Western Union Business Solutions. "Customers expect, and now have, payments that are faster, traceable, transparent, consistent, and more reliable. Western Union Business Solutions give them that, along with our global compliance program," he added.

The expansion of the currencies supported through the Mass Pay APIs was a separate effort for Western Union to enable Financial Institutions to expand their reach, improve efficiencies and transact in more currencies.

Western Union Mass Pay offers built-in, real-time FX quotes. Partners can send up to 10,000 payments in 130 currencies in a single batch with report functionality, and automated notification changes to payment status with the option to route payments over the Western Union Business Solutions global network.

For organizations seeking a partner to optimize cross-border payments, Western Union Business Solutions equips them with the solutions they need to send, receive, and manage international payments. Western Union Business Solutions' extensive global network, spanning 200 countries and territories combined with its local markets knowledge, enables partners to manage international payments simply, effectively, and efficiently.