Western Union has teamed up with Bharti Airtel Ltd. to allow customers to send real-time payments directly to bank accounts in India as well as real-time fund transfers to mobile wallets in 14 African countries.
Users may transfer funds via Western Union to millions of accounts at Airtel Payments Bank, the banking subsidiary of Bharti Airtel, or direct funds through Airtel Africa, which has 15 million mobile wallet customers across the continent.
"The future of money transfer is about customer choice — allowing them to move money whenever, however and wherever they want," Hikmet Ersek, president of Western Union, told the World Economic Forum in Davos, Switzerland, according to a company release. "Our platform cuts through the complexities of cross-border money movement and payments so millions of customers can access their funds in real time in a manner that suits their local infrastructure and preferences."
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