April 24, 2024

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

5 min read

SEOUL, South Korea–(Business WIRE)–Western Union, a international leader in cross-border, cross-currency funds movement and payments, and NH Expenditure & Securities (NH I&S), 1 of the most significant expense and securities organizations in South Korea, nowadays announced the integration of Western Union branded electronic and retail particular person-to-man or woman (P2P) transfers in the portfolio of economic solutions made available to account holders of NH Expense & Securities.

NH I&S account holders in South Korea now have the option to send out and get income making use of Western Union by way of the firm’s 24/7 cellular application or 85 branch locations throughout South Korea. NH I&S Account holders will have the selection of their transfer currently being compensated into recipient financial institution accounts in decide on countriesi throughout the environment or at 550,000 retail locations in over 200 nations around the world and territories.

Western Union’s cross-border, cross-forex system seamlessly integrates local regulation, compliance, channels, forex, and language. The capacity interprets into a payment working experience of comfort, decision, and have confidence in for people served right by Western Union. In current times, Western Union has opened its system to a developing band of partners representing the economic, telecom, and tech sectors.

“We are delighted to supply Western Union branded expert services to the account holders of NH I&S, a top economical establishment in South Korea. It offers alternative to send and acquire revenue with 24/7 electronic access or in-particular person branch providers. Delivering multi-channel choice to shoppers is an essential intention for Western Union – irrespective of whether that is to pay out-in or spend-out funds based on their person choices,” explained K. Premmananth, Head of Community, Singapore, Indonesia, and North Asia, Western Union.

Premmananth additional, “At Western Union, we are serving consumers directly via our own branded channels or offering services in partnership by innovatively integrating our products and services through a branded, co-branded, or white-label product. This reshaped business enterprise design is enabling us to serve shoppers in a method that is most practical to them.”

“We have integrated Western Union services to meet the one of a kind needs of our diverse buyer base. The addition of Western Union is a section of our determination to offer you support excellence for our consumers by offering the widest variety of products and services underneath a single umbrella. The integration of Western Union’s worldwide digital capabilities is of utmost importance. To enhance our romance, we are dedicating resources to extend companies,” stated Ji-Hoon Track, Director of Headquarter, WM Sales Approach Department, NH Financial commitment & Securities. “Evolving globalization and digitalization are shaping the financial business and we believe that it is important to undertake a multi-channel method, delivering clients preference so that they have the best practical experience.”

Customer Assistance

  • To ship and obtain income at areas, account holders can merely stroll into more than 85 NH Financial investment & Securities areas and move forward to course of action their income transfers. Senders can fund their transfers from their accounts, and receivers can immediate their dollars transfers into their accounts.
  • To mail cash by means of cellular app, clients can fund their income transfers as a result of their NH Investment & Securities account.
  • To obtain income through cellular app, buyers can enter the MTCN and other requested particulars on the app. Resources will be directed to customers NH Investment decision & Securities account.

In line with Korea’s regional regulations and restrictions, prior to the very first use of the company, clients can take a look at any NH Investment decision & Securities place to open an account and for verification, or they can sign up on the cellular application (readily available for iOS and Android buyers) and decide for an digital verification. Suitable ID’s incorporate, amid some others, legitimate resident registration ID or a driver’s license.

After the account is confirmed and lively, clients can conveniently mail and receive Western Union revenue transfers at possibly NH Expenditure & Securities locations, or via their cellular application anytime – with a several clicks.

Customers can understand additional by calling the CS Center Community Line 1544-0000 or CS Middle Abroad +82-2-2078-3000 or by viewing www.nhqv.com for support.

About Western Union

The Western Union Corporation (NYSE: WU) is a world wide chief in cross-border, cross-currency income motion and payments. Our omnichannel platform connects the electronic and bodily worlds and helps make it attainable for consumers and corporations to send out and receive money and make payments with speed, simplicity, and reliability. As of September 30, 2020, our network integrated over 550,000 retail agent locations providing our branded solutions in far more than 200 countries and territories, with the ability to send out dollars to billions of accounts. In addition, westernunion.com, our quickest escalating channel in 2019, is out there in in excess of 75 nations, in addition added territories, to shift money close to the globe. With our global achieve, Western Union moves money for improved, connecting spouse and children, good friends, and firms to allow economic inclusion and aid financial progress. For far more facts, go to www.westernunion.com.

About NH Expense and Securities

NH Financial investment and Securities Co., Ltd. is 1 of the largest securities corporations in Korea acquiring +85 department places as very well as electronic channel (cell applications with 5M customer foundation). This company was founded as Hanbo Securities in Jan 1969, transformed its identify to Woori Financial commitment & Securities Co., Ltd. in 2005, and was merged by NH Money Group in 2014 to grow to be NH I&S. NH I&S is providing a broad vary of financial companies, like prosperity management, expenditure banking, brokerage and service provider banking focusing on mainstream Koreans in Korea. Driven by significant-close products and services and know-how, NH Expenditure &Securities focuses on delivering the exceptional expenditure options to valued clients and will keep on to stand for good foundation and actively embrace improvements to solidify sturdy placement as financial system. Primarily based on FY2019 economical facts, NH I&S’ full asset is US$ 45.5 Billion, and earnings is US$ 9 Billion. For much more info, Kor URL: www.nhqv.com / Eng. URL: https://www.nhqv.com/eng/index.html

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