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Western Union expands direct-to-bank service in China and Canada

Global payment service company Western Union (WU) has expanded its direct-to-bank service in China and Canada, to enable customers to receive and send money to more countries.

Western Union money transfers sent using direct-to-bank service can be received by customers directly to their bank accounts in China from the westernunion.com site in the UK, claims the payment company.

Canadian customers can also avail the service to send money from 23 nations into bank accounts in up to 46 countries depending on country-specific regulations.

The service is also available at select agent locations in 30 countries, and it is expected that the service will be offered at additional locations and countries in 2013.

Utilizing the Western Union global agent network, Western Union Digital concentrates on moving money through digital channels, such as westernunion.com, account based money transfer, and mobile money transfer.

In 2011, WU completed 226 million consumer-to-consumer transactions worldwide, moving $81bn of principal between consumers, and 425 million business payments.