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Online & Mobile Banking

Japan: Western Union, Seven Bank to launch international money transfers service

Friday 11 March 2011 | 11:26 AM CET

Global payment services provider Western Union and the Japanese financial services provider Seven Bank have joined forces to introduce international money transfer services in Japan.

The partnership is set to offer registered Seven Bank customers the ability to send money online via their bank accounts and mobile banking. The service will also be available via 15,000 ATM machines throughout Japan beginning with July 2011.

Starting March 2011, the international money transfer service will connect Seven Bank’s account holders to Western Union’s global network of more than 400,000 agent locations in 200 countries and territories.

In December 2010, Western Union introduced its account-based money transfer (ABMT) service to Chinese financial institution Shanghai Pudong Development (SPD) Bank and Romanian company Banca Transilvania account holders. The ABMT service enables the SPD Bank account holders to send Western Union money transfers directly from their accounts via online banking or their mobile phones for cash payout at Western Union agent locations in 200 countries.

More: Link
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