Western Union and its official representative in Lebanon, Online Money Transfer, have extended their business relationship with an agreement to offer the Western Union Business Solutions payments service across the country.
With this five-year agreement, Lebanon becomes the second country in the Middle East to offer Western Union’s international business payments service.
Western Union Business Solutions offers international payment services, foreign exchange solutions, risk management consultation, online FX payments and corporate account management services to clients of all sizes.
The Business Solutions suite of services not only helps connect businesses across the world, it also helps small- and medium-sized enterprises (SMEs) that are underserved to gain a competitive advantage through the company’s strategic relationships and strong global network.
Western Union senior vice president for the Middle East and Africa Jean Claude Farah said this agreement with OMT not only expands the Western Union Business Solutions platform in this region but will also help businesses in Lebanon to overcome any previous challenges they faced with their cross-border payment needs.
"We are very excited by our entry into this new consumer segment in Lebanon as 99% of all businesses in the country are SMEs," Farah said.
As part of the agreement, Western Union Business Solutions will train select OMT employees to provide the suite of services.