The US payment services provider said that the new technology facilitates clients using Business Solutions’ Online FX platform to add and hold funds in their account for further use and assist them to make convenient email payments to international recipients.
Western Union Business Solutions chief product officer Brian Harris said that small businesses will appreciate how quickly and easily they’ll now be able to send and receive cross border payments.
"Our wallet makes it easier to operate on a global scale, saving companies time and money, so they can focus on their core business and execute on their decisions immediately," Harris said.
The wallet accelerated the transaction processing through pre-funded US dollar and Canadian dollar holding balances, and the funds loaded and cleared onto the wallet, remains available when the clients want to process a payment, claims Western Union.
The new wallet is equipped with the email delivery option and the sender needs only to provide the recipient’s email address.
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.
