Kyodai Offers Money Transfers Around the World with Western Union
October 23 2019 - 4:58AM
Business Wire
Kyodai Branded Multi-Channel Money Transfers
now channeled through Western Union
KYODAI Remittance, a service of Unidos Co., Ltd., one of the
oldest remittance companies in Japan, today announced that its
customers can send global money transfers for payout at the global
network of Western Union, a leader in cross-border, cross-currency
money movement and payments.
Customers can now send money from Japan via Kyodai’s
multi-channel remittance services and choose to pay-out into
billions of bank accounts in more than 100 countries, millions of
wallets in a dozen countries or to Western Union’s retail network
across 200 countries and territories.
Kyodai offers customers multiple channels to send money
subsequent to registering with a Kyodai Remittance Card. They have
the choice to send from 19 Kyodai physical locations, via 30,000
Japan Post ATM’s or via online banking portals of Japan’s banking
network.
“Our multi-channel money transfer options enable our customers
to send money from our retail network, Japan Post’s national ATM
network or Japan’s national banking network. Today, we have paved
the way for our customers to send money to the world from nearly
every town in Japan” said Yuichiro Kimoto, CEO, Unidos
“We are excited to collaborate with Kyodai. This service is a
unique integration of our strengths as we continue to drive
breakthrough connections by enabling national enterprises to scale
their business offerings worldwide, leveraging our cross-border
platform and global network.
“We are enabling individuals and other businesses to move easily
between the digital and physical worlds of money, using the
combination of our iconic retail and fast-growing digital bank and
wallet payout network,” said Sohini Rajola, Head of Network, Middle
East and Asia Pacific, Western Union.
Western Union has opened its cross-border platform to power
other brands to move money and enable international cross-border
payments in minutes by leveraging its core cross-border assets –
including global settlement capabilities, compliance, operations,
network, and technology systems.
Japan is increasingly promoting temporary foreign labour
immigration. According to the World Bank, Japan has a new policy to
admit 345,000 foreign workers over a period of five years,
underscoring the importance of effective money transfer services in
the country.
Unidos provides customer support in 22 languages.
CUSTOMER GUIDANCE Prior to the first use of the service,
customers are required to register with their valid identification
documents. Customers may choose to register and verify in-store,
via mail, online or using the Kyodai remittance app (available in
Apple store or Google play). Once the registration is done,
customers will receive a Kyodai Remittance Card. Customers can send
money in the following ways:
- Customer walks into a physical Kyodai location and sends money
from location.
- Customer goes to a Japan Post ATM, inserts the Kyodai
Remittance Card and deposits the money he wants to send.
- Customer through any bank ATM or via online banking, transfers
money from their account to Kyodai’s account. Customer then needs
to call Kyodai’s contact center and specify the details of the
transaction and the receiver and Kyodai will process the
transaction.
About Western Union The Western Union Company (NYSE: WU)
is a global leader in cross-border, cross-currency money movement.
Our omnichannel platform connects the digital and physical worlds
and makes it possible for consumers and businesses to send and
receive money and make payments with speed, ease, and reliability.
As of June 30, 2019, our network included over 550,000 retail agent
locations offering Western Union, Vigo or Orlandi Valuta branded
services in more than 200 countries and territories, with the
capability to send money to billions of accounts. Additionally,
westernunion.com, our fastest growing channel in 2018, is available
in more than 70 countries, plus additional territories, to move
money around the world. With our global reach, Western Union moves
money for better, connecting family, friends and businesses to
enable financial inclusion and support economic growth. For more
information, visit www.westernunion.com.
About Unidos Kyodai Remittance is the brand name of
Unidos. Co, Ltd. Unidos was established in 2000 to support home
money transfer for the Peruvian community in Japan. Under the Funds
Settlement Act in 2010, Unidos was registered as a money transfer
company (Registration: Money Transfer Agent Kanto Regional
Financial Bureau 00004) and started the service "KYODAI REMITTANCE"
for all nationalities in Japan to all destinations in the
world.
Since then, Unidos has provided a fast and safe remittance
service to customers built around confidence, respect, know-how and
experience. Unidos' greatly diversified international staff
communicate directly to each community in its own language and
demonstrate a key understanding of differing cultures.
The company's headquarters are in Shinjuku, Tokyo, Japan. A
face-to-face remittance service is provided in 18 locations in
Japan so far.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191023005321/en/
Western Union Middle East, Africa, Asia-Pacific Karen
Santos; Karen.Santos2@westernunion.com
Western Union (NYSE:WU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Union (NYSE:WU)
Historical Stock Chart
From Jul 2023 to Jul 2024