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Western Unions history as a retail cross border remittance platform is moving money between people, largely via cash, within minutes. Today, Western Union announces that it has expanded its real-time global payments capabilities to include real-time account-to-account transfe
stanley website rs to an account or a mobile wallet for select banks or digital wallet providers in 17 countries.Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have funds available to spend within minutes, e
stanley kubek nabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. We move money in minutes on the retail side of our business, and asked ourselves whether we could move money in real time to an account or mobile wallet, Ersek told K
stanley quencher aren Webster. And what we found is 鈥?with our global network of connections and relationships, we absolutely could. Launch countries include Benin, Burundi, Cameroon, China, India, Indonesia, Kenya, Nigeria, Pakistan, Philippines, Sri Lanka, Democratic Republic of Congo, Ghana, Malawi, Mozambique, Zimbabwe, and Uganda. Ersek said that 100 additional countries are being evaluated for the enablement of real-time payment capability by the end of 2020.The bigger picture plan for Western Union, according to Ersek, is to leverage the firms roots in C2C remittances and extensive global relationships with financial services players to build a platform ready to power the next-generation payment experiences for busi Aetc SME Loans Become Square s Rising Star
E-Invoicing and purchase-to-pay company Basware has recently passed another growth milestone with over 80 million annualized e-invoice and purchase order transactions sent and received across its Basware Commerce Network.聽 Those impressive stats makes the company the largest of its kind in the world,聽 and is a testament to the rapid growth of the e-invoice market, according to CEO Esa Tihil盲.Connected commerce and e-invoicing adoption are on the rise across every sector and businesses of different sizes. That because companies relying on manual processes to receive and pay invoices frequently end up paying late, slowing payment activity and
stanley us creating stagnation in the wider economy. It is through our continued focus on delivering innovations, designed to enable easy connectivity to the network for companies of all siz
stanley us es and removing common obstacles to connected commerce that we have been able to boost the number of companies using our network, he noted.Basware reportedly connected over a millio
stanley quencher n companies in a hundreds nations around the world.聽 The company expects to see its growth continue to accelerate, especially as the global economy continues to recover from the global economic meltdown of 2007.Our goal is to constantly innovate and push the industry forward, through the development of our own solutions and through partnerships with other leading businesses. This way we remove barriers to e-invoicing and purchasing automation, allowing our c
