The newly launched service enables customers to make international payments to over 200 countries and territories around the world and also enables local currency payments. Western Union Business Solutions Online FX will help customers check exchange rates and fees and receive customer support. The platform also allows businesses to lock in exchange rates to ensure the recipient receives the precise amount expected.
The service is aimed at small to medium sized enterprises (SMEs) that operate overseas and need to manage international payments at any time, whether they are using the office or home computer, or are on the move with a tablet or smartphone.
There are more than 450,000 SMEs in New Zealand that account for around 44 percent of the economy’s total output on a value added basis. Furthermore, according to the New Zealand Treasury, the volume of goods and services imported to New Zealand will grow by 2.8 percent in 2013 while exports are forecasted to jump by 2.1 percent.
Western Union Business Solutions enables businesses, colleges and universities to send and receive international payments and manage foreign exchange in more than 135 currencies.
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