Western Union Expands in South Korea with Korea Investment decision & Securities

SEOUL, South Korea–(Business enterprise WIRE)–Western Union, a worldwide chief in cross-border, cross-forex income movement and payments, and Korea Investment decision & Securities (Korea I&S), just one of the primary companies of financial products and services in South Korea, collaborate to offer Western Union shopper-to-purchaser funds transfers, by way of retail and digital channels.

Korea I&S account holders in South Korea may well pick to mail Western Union funds transfers by using truefriend.com or the company’s mobile application (readily available for Android and iOS), or send and get at much more than 88 Korea I&S spots throughout the country. Revenue transfers sent by using Korea I&S electronic or retail channels can be compensated out into recipient lender accounts in find nations around the world¹ or at a lot more than 550,000 retail places in a lot more than 200 nations around the world and territories.

The electronic service capacity will be operational in the coming months to enable Korea I&S account holders to obtain revenue transfers by way of internet and application.

Top regional partners have seamlessly integrated Western Union’s cross-border, cross-forex revenue moving abilities into their system, supplying prospects the ease and option to transfer revenue around the world. Western Union has opened its system to allow leaders in e-commerce, telecommunications, economical services, and other sectors to increase into new markets and develop company for their prospects.

“Western Union is a international leader in cross-forex, cross-border income motion, enabled by technology,” explained K. Premmananth, Head of Community, Singapore, Indonesia and North Asia, Western Union. “We have challenged ourselves to leverage our system to supply many new techniques for our customers and purchasers to transfer funds globally. We are delighted to collaborate with Korea I&S, giving a multi-channel featuring connecting the electronic with the physical and servicing a multi-generational consumer foundation.”

“At Korea I&S, our dedication is to provide our clients proficiently whilst exploring new methods to meet the switching requires of our shoppers,” reported Simon SP Mun, Govt Vice President, Korea Expense & Securities. “Western Union sets the regular for worldwide income movement and we are psyched to collaborate with them, giving our clients greater relieve and entry in every transaction they make whilst upholding what issues most to them– pace, dependability and ease.”

Consumer Guidance

• To ship and acquire money at places, account holders can walk into more than 88 Korea I&S destinations and approach their dollars transfers. Senders can fund their transfers from their accounts, and South Korean receivers can direct their dollars transfers into their accounts.
• To deliver money by means of a cellular app, prospects can fund their dollars transfers by way of their Korea I&S account.

In line with Korea’s area rules and polices, just before the to start with use of the assistance, consumers can go to any Korea I&S area to open an account and for verification, or they can sign-up on the cellular application and decide for digital verification. Appropriate IDs contain, among other alternatives, a legitimate resident registration ID or a driver’s license.

When the account is verified and lively, shoppers can conveniently ship and obtain Western Union money transfers at both Korea I&S locations, or deliver by means of their mobile app anytime—with a number of clicks.

Prospects can understand extra by contacting the CS Middle Regional Line 1544-5000 or CS Center Overseas +82-2-2090-4000 or by viewing www.truefriend.com for guidance.

About Western Union

The Western Union Organization (NYSE: WU) is a world wide chief in cross-border, cross-forex dollars motion and payments. Western Union’s platform presents seamless cross-border flows and its foremost worldwide economical network bridges much more than 200 nations and territories and in excess of 130 currencies. We link enterprises, fiscal institutions, governments, and shoppers via one of the world’s widest reaching networks, accessing billions of lender accounts, thousands and thousands of electronic wallets and cards, and in excess of 50 percent a million retail locations. Western Union connects the planet to bring boundless prospects inside access. For extra facts, go to www.westernunion.com.

About Korea Expense & Securities

Korea Investment decision and Securities Co., Ltd. (Korea I&S) is 1 of the premier securities corporations in Korea.

This enterprise was launched as “Korea Expenditure Management” in 1974 and was merged by “Dongwon Securities Co., Ltd” in 2005 to come to be Korea I&S.

Korea I&S has 88 branch locations as effectively as electronic channel (World-wide-web, cellular applications) with 5M shopper base and is featuring a wide selection of economical expert services which include financial commitment, investing, brokerage, have confidence in, prosperity management and so on targeting mainstream Koreans in Korea. Primarily based on FY2019 monetary data, Korea I&S’ full asset is US$ 37 Billion, and income is US$ 6.7 Billion.

For a lot more info, Kor URL: https://www.truefriend.com, Eng. URL: https://www.truefriend.com/eng/major.jsp

¹ Australia, Austria, Brazil, Canada, China, Denmark, France, Germany, Hong Kong, Indonesia, Japan, Malaysia, New Zealand, Philippines, Russia, Sweden, Thailand, United Kingdom, United States, Vietnam.