Western Union Expands in South Korea with Journey Pockets

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SEOUL, South Korea–(BUSINESS WIRE)–Western Union, a worldwide chief in cross-border, cross-currency cash motion and funds, and Journey Pockets, one of many main fintech corporations within the nation, have introduced the launch of Western Union cash switch providers on the Journey Pockets App.

Journey Pockets customers in South Korea now have the selection to ship cash by means of Western Union. The Journey Pockets app is accessible for each Android and iOS customers. Prospects can fund their cross-border cash transfers by means of their native financial institution accounts. Money and checking account payout in choose nations is at present out there, with plans to scale as much as your complete scope and attain of Western Union’s world payout community.

Over the subsequent few months, Journey Pockets customers can even be capable of obtain Western Union cash transfers by way of the Journey Pockets app, for transactions despatched by means of Western Union’s digital cash switch providers or Western Union’s worldwide retail Agent community.

“For 170 years, Western Union has put expertise to work connecting folks—bringing boundless prospects inside attain,” mentioned Okay. Premmananth, Head of Community, Singapore, Indonesia and North Asia, Western Union. “Remittances join folks, locations, economies and societies. We’re delighted to supply our providers to Journey Pockets customers, enabling handy and dependable monetary flows powered by expertise.”

“At Journey Pockets, we undertake a customer-centric strategy, and are glad to collaborate with a like-minded firm like Western Union,” mentioned Hyungwoo Kim, CEO, Journey Pockets. “We’re excited to allow our clients to connect with their family members around the globe by means of one of many world’s widest-reaching monetary community. We stay up for placing our collective strengths to work and catering to who actually issues—our clients.”

For extra details about the service, clients can e-mail assist@travel-wallet.com.

About Western Union

The Western Union Firm (NYSE: WU) is a worldwide chief in cross-border, cross-currency cash motion and funds. Western Union’s platform offers seamless cross-border flows and its main world monetary community bridges greater than 200 nations and territories and over 130 currencies. We join customers, companies, monetary establishments, and governments by means of one of many world’s widest reaching networks, accessing billions of financial institution accounts, hundreds of thousands of digital wallets and playing cards, and a considerable world community of retail places. Western Union connects the world to carry boundless prospects inside attain. For extra data, go to www.westernunion.com.

About Journey Pockets

Journey Pockets is a number one fintech firm in Korea offering cellular based mostly foreign money change, remittance and cross-border cost providers. Launching the app service in 2019 below the identical title, Journey Pockets is the primary firm in Korea to focus on such cross-border associated monetary providers to abroad vacationers, particularly visiting the Asian area. Journey Pockets additionally turned the first fintech firm in Asia to obtain a principal card issuing license from Visa in 2020, and launched the cross-border cost service TravelPay in 2021. TravelPay helps cost in 15 currencies on the lowest cost and foreign money change charges within the Korean market. Journey Pockets has obtained over 20 million USD in investments and at present has over 100k energetic customers.

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