Western Union Collaborates with Leading French Fintech Linxo to Launch Digital Money Transfers
June 29 2021 - 7:27AM
Business Wire
3.5 million app users can now send money
locally and globally, quickly, conveniently, and reliably, 24/7
Western Union, a leader in cross-border, cross-currency money
movement and payments, has collaborated with Linxo, a leading
budget management and bank account aggregation application in
France, to enable users to make local and cross-border payments
through Western Union’s platform.
Linxo’s customers can now make and manage money transfers
through Western Union’s platform, quickly, conveniently, and
reliably, 24/7. Users can fund their transfers through their bank
account or card, and have their funds paid out into billions of
bank accounts and millions of mobile wallets in approximately 125
countries, or more than half a million retail locations in more
than 200 countries and territories.
“We are pleased to be joining forces with Linxo, offering the
3.5 million users of this innovative app access to the broadest
digital global network coverage within the cross-border
person-to-person payment sector,” said Massimiliano Alvisini, Head
of Europe, CIS, and Africa Network at Western Union. “In France,
and across the world, we partner with fintechs, banks and post
offices, offering their customers flexibility and trust underpinned
by technology, customer experience and compliance,” he said.
Established in 2010, Linxo is a pioneering account aggregation
fintech, that optimizes bank account and transaction management for
its users. The Linxo application is available in both free and
premium versions on the Apple App Store and on Google Play.
“By integrating the Western Union platform into our Linxo
Marketplace, we are providing our users with a new and seamless
customer experience thanks to enhanced functionalities for the
management of their financial assets from a single space:
consultation and management of accounts, sending or transferring
money to their families and loved ones,” comments Bruno Van
Haetsdaele, CEO and Co-Founder of Linxo Group. “Our ambition was to
create a virtuous and open ecosystem. With the integration of the
Western Union platform, this is now a reality. And we will continue
to integrate new value-added services to provide our users with a
quality service that exceeds their expectations within the Linxo
application.”
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. Western
Union’s platform provides seamless cross-border flows, and its
leading global financial network bridges more than 200 countries
and territories and over 130 currencies. We connect businesses,
financial institutions, governments, and consumers through one of
the world’s widest reaching networks, accessing billions of bank
accounts, millions of digital wallets and cards, and over half a
million-retail locations. Western Union connects the world to bring
boundless possibilities within reach. For more information, visit
www.westernunion.com
About Linxo
Linxo Group is a subsidiary of Crédit Agricole Payment Services,
which {harnesses} Crédit Agricole Group’s expertise in marketing,
innovation, processing and interbank representation. Since 2010,
Linxo Group has been developing and marketing solutions for account
aggregation, payment initiation and personal finance
management.
The platform of its subsidiary Oxlin, a payment institution
authorised by the ACPR [French Prudential Supervision and
Resolution Authority], provides all the technology to access
banking data and initiate transfers (services regulated by the
Revised European Payment Services Directive no. 2, known as PSD2),
with the customer's consent and in a totally secure manner.
The services it offers range from API (Application Program
Interface) bricks to complete white-label mobile app solutions
covering the needs of start-ups as well as banks and insurance
companies. These solutions enable the development of new services
and new sources of revenue from multiple use cases: budget
management, pathways to credit grants, accounting, loyalty,
etc.
Its mobile application Linxo, which is already installed and
used by more than 3 million people in France, is an intelligent
financial assistant, which allows everyone to have an overview of
their finances and to simplify the management of their money.
The company has 85 employees, mainly in Aix-en-Provence and in
the Crédit Agricole Villages in Paris and Sophia Antipolis.
WU-G
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Media contacts: Nicholas Mandalas
Nicholas.Mandalas@wu.com
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