Western Union Announces Agreement with China UnionPay's ChinaPay

The Western Union Company WU a leader in global payment services, today significantly expanded into China's banking channel, paving the way for international direct-to-bank remittances into China from 23 countries while also expanding its international Account-Based Money Transfer service. Western Union customers can send direct-to-bank money transfers to China from 23 countries via select retail locations and www.westernunion.com online money transfer sites1. This unprecedented agreement with China UnionPay's ChinaPay enables Western Union to reach more than 95 percent of all personal bank accounts in China. In addition, Western Union has launched Account-Based Money Transfers with one of the world's largest banks, Industrial and Commercial Bank of See full press release