Western Union and Beforepay have entered a collaboration to enable consumers to boost their cross-border money transfers by accessing short-term lending.
According to Western Union, the short-term lending will also be reliable, ethical and affordable.
Consumers are able ‘Send Now, Pay Later’ by borrowing up to AUD2000 through Beforepay’s wage-advance product on Western Union’s digital channels.
By accessing Beforepay’s wage-advance product through Western Union’s mobile app and website, customers will be able to increase how much they transfer.
Registration to access the additional funds can be completed within minutes and once issued, can be repaid in multiple instalments. International money transfers through Western Union can be sent to over 200 countries and territories.
Western Union regional VP of Australia, New Zealand and the Pacific Islands Gregory Laurent said, “We are committed to supporting our customers and their communities by offering financial services that are accessible, ethical, and reliable. Western Union’s mission is to make financial services accessible to people everywhere.
“Our collaboration with Beforepay is another step towards achieving this mission – giving customers the opportunity to access additional funds as they send money to families and communities. We are excited about the positive impact it can have for consumers, as they proactively look for convenient options to meet their financial needs.”
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