Western Union partners with NymCard for UAE payments

Cross-border remittance company Western Union New partnership with payments platform announced Thursday (Oct. 27) note card.

Through the new alliance, international money transfer services will have the opportunity to expand into the previously restricted United Arab Emirates (UAE) region.

according to announcement, Once the partnership is complete, NymCard customers will be able to send money to billions of bank accounts in more than 130 countries and territories.

“We have always invested in financial partnerships that stimulate growth, enhance our technology offerings and build meaningful relationships,” Omar Ansi, the CEO of NymCard said. “We are excited to partner with Western Union to connect to over 200 countries and territories. This partnership will provide a truly inclusive product that leaves no one behind.”

Recent PYMNTS research”Liquidity: A Guide to API-Based Fintech Innovation“outlines the importance of liquidity for businesses.

The ease of sending money between companies and across borders enables consumers and businesses to securely and easily send, receive and manage payments in any form of currency to any account, regardless of device, currency type or payment method.

NymCard’s partnership with Western Union is expanding its user base in the UAE, further expanding its digital payments platform to more financial institutions in the region.

read more: Western Union Files for Crypto-Related U.S. Trademark

Western Union is also looking to foray into the cryptocurrency industry, as the company filed several cryptocurrency-related trademark applications on Tuesday (Oct. 25). The trademark application indicates Western Union’s interest in virtual currency exchanges, digital currency wallets, cryptocurrency tokens, and cryptocurrency-related financial brokerage services.