NH Investment & Securities Mobile App and
Branch Locations to Offer Western Union Services
Western Union, a global leader in cross-border, cross-currency
money movement and payments, and NH Investment & Securities (NH
I&S), one of the largest investment and securities companies in
South Korea, today announced the integration of Western Union
branded digital and retail person-to-person (P2P) transfers within
the portfolio of financial services offered to account holders of
NH Investment & Securities.
NH I&S account holders in South Korea now have the choice to
send and receive money using Western Union via the firm’s 24/7
mobile app or 85 branch locations across South Korea. NH I&S
Account holders will have the option of their transfer being paid
into recipient bank accounts in select countriesi across the world
or at 550,000 retail locations in over 200 countries and
territories.
Western Union’s cross-border, cross-currency platform seamlessly
integrates local regulation, compliance, channels, currency, and
language. The capability translates into a payment experience of
convenience, choice, and trust for consumers served directly by
Western Union. In recent times, Western Union has opened its
platform to a growing band of partners representing the financial,
telecom, and tech sectors.
“We are delighted to offer Western Union branded services to the
account holders of NH I&S, a leading financial institution in
South Korea. It provides choice to send and receive money with 24/7
digital access or in-person branch services. Providing
multi-channel choice to customers is an important goal for Western
Union – whether that is to pay-in or pay-out funds based on their
individual preferences,” said K. Premmananth, Head of Network,
Singapore, Indonesia, and North Asia, Western Union.
Premmananth added, “At Western Union, we are serving customers
directly through our own branded channels or offering services in
partnership by innovatively integrating our services via a branded,
co-branded, or white-label model. This reshaped business model is
enabling us to serve customers in a manner that is most convenient
to them.”
“We have integrated Western Union services to meet the unique
needs of our diverse customer base. The addition of Western Union
is a part of our commitment to offer service excellence for our
customers by offering the widest range of services under one
umbrella. The integration of Western Union’s global digital
capabilities is of utmost importance. To optimize our relationship,
we are dedicating resources to expand services,” said Ji-Hoon Song,
Director of Headquarter, WM Sales Strategy Department, NH
Investment & Securities. “Evolving globalization and
digitalization are shaping the financial industry and we believe it
is important to adopt a multi-channel strategy, providing customers
choice so that they have the best experience.”
CUSTOMER GUIDANCE
- To send and receive money at locations, account holders can
simply walk into more than 85 NH Investment & Securities
locations and proceed to process their money transfers. Senders can
fund their transfers from their accounts, and receivers can direct
their money transfers into their accounts.
- To send money via mobile app, customers can fund their money
transfers through their NH Investment & Securities
account.
- To receive money via mobile app, customers can input the MTCN
and other requested details on the app. Funds will be directed to
customers NH Investment & Securities account.
In line with Korea’s local laws and regulations, prior to the
first use of the service, customers can visit any NH Investment
& Securities location to open an account and for verification,
or they can register on the mobile app (available for iOS and
Android users) and opt for an electronic verification. Acceptable
ID’s include, among others, valid resident registration ID or a
driver’s license.
Once the account is verified and active, customers can
conveniently send and receive Western Union money transfers at
either NH Investment & Securities locations, or via their
mobile app anytime - with a few clicks.
Customers can learn more by calling the CS Center Local Line
1544-0000 or CS Center Overseas +82-2-2078-3000 or by visiting
www.nhqv.com for support.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. 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
September 30, 2020, our network included over 550,000 retail agent
locations offering our 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 2019, is available in over 75 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 NH Investment and Securities
NH Investment and Securities Co., Ltd. is one of the largest
securities firms in Korea having +85 branch locations as well as
digital channel (mobile apps with 5M customer base). This company
was founded as Hanbo Securities in Jan 1969, changed its name to
Woori Investment & Securities Co., Ltd. in 2005, and was merged
by NH Financial Group in 2014 to become NH I&S. NH I&S is
offering a broad range of financial services, including wealth
management, investment banking, brokerage and merchant banking
targeting mainstream Koreans in Korea. Powered by high-end services
and expertise, NH Investment &Securities focuses on delivering
the optimal investment solutions to valued clients and will
continue to stand for solid foundation and actively embrace changes
to solidify strong position as financial platform. Based on FY2019
financial data, NH I&S’ total asset is US$ 45.5 Billion, and
revenue is US$ 9 Billion. For more information, Kor URL:
www.nhqv.com / Eng. URL: https://www.nhqv.com/eng/index.html
i Australia, Austria, Canada, China, Czech Republic, France,
Germany, Hong Kong, India, Indonesia, Italy, Japan, Netherlands,
Philippines, Spain, Switzerland, Thailand, United Kingdom, USA,
Vietnam
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210120005246/en/
Media Contacts: Western Union Asia-Pacific Karen
Santos; Karen.Santos2@westernunion.com
NH Investment and Securities Je-Ryong Kim;
61813@nhqv.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