NAIROBI – (COMMERCIAL THREAD) –Western Union, a global leader in cross-border and inter-currency money movement and payments, works with major financial institutions in Africa to enable millions of consumers to send and receive cross-border payments, quickly and reliably, 24/7.
Customers of KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Postal Savings Bank of Kenya (Postbank), can now enjoy a simple and convenient way to send money transfers across borders, with the launch of Western Union’s digital money transfer services on their respective mobile banking apps. Customers can send money overseas / overseas using funds from their bank accounts and choose to have the recipient send the money to their bank account or to a Western Union agent, depending on the country in which they reside. Customers of these financial institutions can also receive international transfers directly to their bank accounts, depending on the country in which the senders reside.
The three integrations mean that millions of African consumers can now access Western Union’s vast global financial network, reaching billions of bank accounts, wallets and cards, and over half a million branches in over 200 countries and territories.
“Customers all over the world and in Africa want flexibility and confidence in their money transfers and cross-border payments. At Western Union, we offer them both, ”said Massimiliano Alvisini, senior vice president and general manager of Western Union in Africa, Europe and the CIS. “We are excited about the opportunity to integrate our global money movement capabilities to enhance the customer experience of major African financial institutions. ”
KCB Bank Kenya Limited is the country’s largest commercial bank. A subsidiary of KCB Group Plc, the bank has the largest branch network in Kenya, with 202 branches, complemented by mobile banking and online banking. The group has subsidiaries in Rwanda, Uganda, Tanzania and South Sudan, as well as a sales representative office in Ethiopia.
Diamond Trust Bank (DTB) is a leading regional bank listed on the Nairobi Securities Exchange (NSE). A subsidiary of the Aga Khan Development Network (AKDN), DTB has been operating in East Africa for over 70 years. DTB’s focus on the small and medium-sized business sector and its commitment to improving customer convenience through innovative digital solutions has fueled the bank’s growth in recent years.
The Postal Savings Bank of Kenya (Postbank) is one of the oldest financial institutions in the country, established in 1910. The Bank is wholly owned by the Government of Kenya and reports to the Ministry of Finance and has 97 branches throughout the country. country.
About Western Union
The Western Union Company is a global leader in cross-border and inter-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its main global financial network connects more than 200 countries and territories and more than 130 currencies. We connect businesses, financial institutions, governments and consumers through one of the world’s most extensive networks, accessing billions of bank accounts, millions of digital wallets and cards, and over 550,000 points of sale. Western Union connects the world to put limitless possibilities at your fingertips. For more information visit www.westernunion.com.