Western Union, Postepay Enable Cross-Border Payments

Customers of App Postepay, among the preferred payment Apps in Italy, can now access Western Union´s cross-border and cross-currency platform to send money globally, following an agreement between Postepay, one of the largest Electronic Money Institution (EMI) in Italy, bringing together Poste Italiane´s assets and expertise in payments and telecommunications and Western Union (NYSE: WU), a provider of cross-border, cross-currency money movement and payments, the company said.

More than seven million Postepay Evolution customers can now send money globally using Western Union via the Postepay App. They have the choice to fund their payments within the App using card or account and payout via Western Union´s Global Retail Network in over 200 countries and territories.

The integration of Western Union´s global cross-border, cross-currency money movement platform — including global settlement capabilities, network, compliance, and technology systems — enables international real-time cross-border transfers for financial institutions and service providers like Postepay, while globalizing services for their customers.

Western Union is a global provider of cross-border, cross-currency money movement. For more information, visit www.westernunion.com.

Poste Italiane is one of Italy´s payment system providers, exploiting the Group´s integrated multichannel distribution platform based on its physical post office network and latest generation digital infrastructure.