November 19, 2015
[Updated with exclusive interview with David Thompson, CTO and EVP at Western Union]
Western Union and WeChat, China's biggest messaging app, announced an agreement which enables WeChat users in the US to send money cross-border to 200 countries and territories via the company’s WU Connect platform.
The collaboration makes WeChat the first social communication application that provides a technology platform for P2P cross-border transfers in more than 200 countries and territories. The capability is now available to WeChat users in the United States, with planned expansion to more countries in the future. In addition to mentioned advantages for WeChat, it also strengthens the position of