An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Western Union and Beforepay Offer ‘Send Now, Pay Later’ Service to Consumers for International Money Transfers
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
A first-of-its-kindcollaboration, allowing consumers in Australia to boost their international money transfers (remittances).
Consumers can borrow up to AUD$2000 to supplement transfers, with the flexibility to repay in multiple installments.
Collaboration demonstrates Western Union’s and Beforepay’s commitment to ensuring accessible financial services for all.
SYDNEY--(BUSINESS WIRE)--
Western Union and Beforepay today announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending. Consumers can ‘Send Now, Pay Later’ by borrowing up to AUD 2000 through Beforepay’s wage-advance product on Western Union’s digital channels.
Meeting consumer expectations
Exclusive insights from Western Union research show that as many as 44% of Australia’s consumers would like to have the choice to ‘Send Now, Pay Later’ when transferring money around the world. Today’s announcement means that consumers will be able to do just that. By accessing Beforepay’s wage-advance product through Western Union’s mobile app and website, customers will be able to increase how much they transfer. Registration to access the additional funds can be completed within minutes and once issued, can be repaid in multiple installments. International money transfers through Western Union can be sent to over 200 countries and territories.
“We are committed to supporting our customers and their communities by offering financial services that are accessible, ethical, and reliable,” said Gregory Laurent, Regional Vice President of Australia, New Zealand and the Pacific Islands at Western Union. “Western Union’s mission is to make financial services accessible to people everywhere. Our collaboration with Beforepay is another step towards achieving this mission - giving customers the opportunity to access additional funds as they send money to families and communities. We are excited about the positive impact it can have for consumers, as they proactively look for convenient options to meet their financial needs.”
Accessible financial services for all
Today’s announcement reinforces Western Union’s ‘Evolve 2025’ strategy to combine high-value, accessible retail and digital financial services. Beforepay’s wage-advance product is designed to give customers the opportunity to meet temporary cash-flow challenges. The average advance Beforepay offers to customers is approximately AUD$400. The full amount is repaid within an average of three to four weeks.
“We’re excited to collaborate with Western Union to support their customers with access to safe, affordable short-term lending,” said Beforepay CEO Jamie Twiss. “Beforepay and Western Union share a vision of providing inclusive financial services to aspiring consumers around the world.”
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and approximately 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.
About Beforepay
Beforepay (ASX: B4P) is an Australian fintech providing ethical-lending products to consumers. Beforepay’s wage-advance product enables its more than 750,000 registered users to borrow small amounts of money for short periods of time in a safe, affordable manner. The company’s flagship product charges a fixed fee of 5%, with no interest, late fees, penalty fees, or other costs of any kind. For more information, visit www.beforepay.com.
with a 160+ year history of connecting people when it matters most, western union continues to shape the world in which we live. western union offers one of the easiest ways for families, friends and businesses to send money and stay connected almost anywhere in the world. it all comes down to the relationships we’ve established over many years. together with our agents, we speak our consumers’ languages and live in our consumers’ neighborhoods. and we share our consumers’ cultures. we are a significant part of each other’s lives. as a result, our agents and employees are more like ambassadors. they are ambassadors of trust. ambassadors of responsibility. and ambassadors of hope. they are the living, breathing manifestation of who we are as a company and everything we stand for. we are inspired, driven, responsible, connected, and game-changers. and we're moving forward with other new ventures too! western union has launched wu digital in san francisco, ca. this technology-driven divis
