Western Union Business Solutions provides cross-border business payments and foreign exchange solutions to small and medium sized businesses (SMEs).
By adding Western Union Business Solutions to its product portfolio, Petnet can offer SMEs service delivery for global business payments to over 200 countries and territories.
Western Union Business Solutions general manager Raj Agrawal said with a thriving import market for food products and beverages, textiles, chemicals, travel and wholesale/retail trade, the Philippines presents a compelling opportunity for the international business payments service.
"A large percentage of local businesses are small enterprises with many conducting cross border trade. Coupled with universal Western Union brand recognition in the country, we are poised to change the way international commerce is done in the Philippines," Agrawal said.
