The Western Union Co. (WU), a payment services provider, Wednesday said it has advanced its international direct-to-bank transfers to select banks in India, paving the way for customers to send money in minutes to major Indian banks.
The company has successfully linked its retail agent network and digital transactional sites in select countries to move money in minutes to account holders of select banks via India's revolutionary Immediate Payment Service or IMPS.
The service is available using cash and debit cards at participating agent locations, and debit and credit cards at www.westernunion.com.com.
The in minutes delivery speed is an enhancement to the direct-to-bank money transfer services launched by Western Union last year, which delivers funds within one banking day to 140 banks in India.
This service, provided in collaboration with IndusInd Bank, operates using the National Payments Corporation of India's IMPS platform.
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