Visa (NYSE: V) has announced a 7-year agreement with Western Union (NYSE: WU). Under the new deal, West\u00adern Union customers will be able to receive money from their family and friends\u2019 eligible Visa cards and bank accounts in 40 countries across five regions. The agreement encompasses card issuance, Western Union\u2019s integration with Visa Direct, and value-added ser\u00advices delivery including risk products. Western Union customers will also be able to receive Visa prepaid cards in select markets offering an innovative solution that bridges the physical and digital world. Western Union and Visa are also developing disbursement programs for humanitarian organizations and governments to sup\u00adport the delivery of critical funds during a disaster. The programs are intended to support emergency and hu\u00admanitarian payouts, cross-border pension payouts , and domestic benefits and dis\u00adbursement payouts. \u201cSend\u00ading money abroad to support their families and loved ones is essential for many people. We are thrilled to expand our collaboration with West\u00adern Union to provide fast, se\u00adcure, and convenient money transfers to customers in 40 countries across five regions,\u201d said Umar Khan, Visa\u2019s Country Manager for Pakistan & Afghanistan. He added: \u201cVisa\u2019s global scale and Western Union\u2019s digital capabilities are revolution\u00adizing how customers send and receive funds around the world. We are proud to offer more people fast and efficient solutions for cross-border payments.\u201d \u201cAspir\u00ading populations around the world rely on Western Union to provide them with inno\u00advative and accessible finan\u00adcial services that offer flex\u00adibility, value and trust,\u201d said Sam Jawad, Head of Ecosys\u00adtem, at Western Union. \u201cBy strengthening our strategic collaboration with Visa, to\u00adgether we will deliver im\u00adpactful products and ser\u00advices that can help empower our customers to build a life of opportunity for them\u00adselves and their loved ones.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"