Western Union teams up with PSI- Pay for Online Currency Transfers

Western Union is expanding their global customer base by adding the ecoPayz account platform from PSI Pay for customers in the UK. People who are an ecoAccount online wallet holder can now top up funds with Western Union online, through their mobile app, or through Western Union’s retail network for international and domestic transfers in the UK. Western Union, known for being a leader in cross-border, cross-currency money movement, is excited to be able to integrate their core business functionalities with PSI Pay to unlock new growth are provide more omnichannel money transfers in a digital world.

This is a new class of online payment processors for Western Union, the biggest source for money transfers globally, using speed, ease, and reliability for successful money transfers with businesses, friends, and family. Both companies, Western Union and PSI Pay, the company that offers the ecoPayz platform, are excited about this new expansion, allowing more functionality for the growing business of digital financing and money transfers. This is the first time that UK customers can transfer funds to billions of banks’ accounts or for a cash payout from an online payment processor in 150 different countries and territories. PSI Pay is a global provider of instant, secure and convenient payment services to customers and businesses. Unlike e-money, PSI-Pay works with cryptocurrencies, which rely on supply and demand, instead of being fiat currency exchanged in electronic form. PSI-Pay offers alternative payment solutions with transparency, efficiency, and clarity.

The operations director of PSI Pay Ltd, Jonathan Amrani, states that they are “excited to be collaborating with Western Union and introducing additional services to customers that will enable them to have more flexibility within their ecoAccount. By accessing Western Union’s network, customers have access to hundreds of thousands of locations around the world, and this provides us with an excellent platform to grow and reach new customers.”