The company has already acquired Travelex Global Business Payments, and now the company has closed the acquisition of the French part after getting regulatory and licensing approval.
Western Union Business Solutions president Raj Agrawal said that France is a key international payments hub, and Western Union’s acquisition of TGBP in France will lead to a stronger and more innovative force in the French market.
"We see a great opportunity to expand into the French market and offer an innovative service that will allow small and medium-sized businesses (SMEs) a strong solution for doing business around the world," Agrawal said.
The French nationals and merchants can now make payments in more than 135 currencies, check real-time exchange rates and fees, and receive live customer support, said the firm.
Users can leverage, Western Union Business Solution’s online service platform, which assists in making and managing international payments 24 hours a day, seven days a week from their computers on a dedicated French website: business.westernunion.fr.
Western Union Business Solutions facilitates enterprises to send and receive international payments and manage foreign exchange, creating unique solutions tailored to suit their FX needs.
The Western Union Company provides consumers and businesses an option to send and receive money across the globe, through a combined network of approximately 495,000 agent locations in 200 countries and territories.
