Western Union Business Solutions, a business segment of The Western Union Company, a leader in global payment services, has announced the launch of a digital business-to-business (B2B) platform which will enable small and medium sized enterprises (SMEs) to trade internationally with confidence and ease.
The platform – WU EDGE – has been described as ‘ground-breaking’ for a reason. It aims to create a simple virtual trading arena where businesses of all sizes can connect.
The WU EDGE will make buying and selling overseas as easy as trading on one’s doorstep. The ‘net effect’ is an unparalleled ability for SMEs to trade internationally.
The WU EDGE platform helps businesses with international needs by Connecting Buyers and Sellers; Empowering Insights and Analysis; and Enabling Confidence to Transact across Borders to Deliver Growth.
“WU EDGE technology will enable hundreds of thousands of businesses across the world to easily engage in global trade, potentially enabling them to grow, invest and deliver the jobs of the future. We view ourselves as business partners to our SME customers and we are proud to offer this platform to them,” said Kerry Agiasotis, President of Western Union Business Solutions.
He added, “The WU EDGE option helps build on our leadership position in global payments. For the first time, we will be able to connect business buyers and sellers on a single B2B platform that powers real-time connections and payments across the globe.”
Western Union Business Solutions launched the WU EDGE platform at the on-going Money 20/20, Europe’s largest FinTech event, in Copenhagen.
The platform will go-live in six initial markets: Australia, Canada, New Zealand, Singapore, United Kingdom and United States, on April 11, 2016. It will be available in other select markets before the year runs out.
Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs.