Western Union (NYSE: WU), and JD Digits China with 400M individual customers join forces to advance digital cross-border money movement and payments.
Source: www.businesswire.com
Western Union Co. announced a strategic agreement with JD Digits to advance digital cross-border money movements and payments for global consumers and businesses in China. Western Union and JD Digits are exploring new ways to combine the convenience of online and mobile financial technology to allow fast and convenient cross-border remittances and payments. In the first phase of the agreement, both companies will focus on moving remittances from across the world into the mobile wallets and bank accounts of 400 million individual JD Digit customers. Following this announcement, Western Union surged 0.86% to close at $18.7.
JD Digits (formerly JD Finance) operational goal is to connect finance and real industry by using digital technology to boost the influence of the Internet. Meanwhile, Western Union Co. is a global leader in cross-border, cross-currency money movement.
