back Back

Western Union partners with Bank Rakyat for Indonesia expansion

By Leandra Monteiro

April 20, 2021

  • Indonesia
  • Western Union
Share

Western Union, Indonesia, Bank Rakyat, digital banking, Asia, international money transfers Western Union, a global cross-border, cross-currency money movement and payments system, and Bank Rakyat Indonesia (BRI), a state-owned bank in Indonesia, have come together to enable customers in Indonesia to receive international money transfers through BRI’s expansive over 8,000 branch network nationwide.

Customers can receive money at 4,000 BRI locations now, with full access to over 8,000 BRI locations expected in the coming months. Global senders can send money using Western Union’s digital services in 75 countries, plus territories, or it’s retail Agent network worldwide. Outbound money transfer services from Indonesia, with BRI, are expected to be rolled out later this year.

“We are excited to collaborate with BRI and look forward to working together to provide customers with Western Union services,” said K. Premmananth, Head of Network, Singapore, Indonesia, and North Asia, Western Union. “Our global network’s expansive scale and scope across more than 200 countries and territories demonstrates our expertise at navigating the cross-border money transfer complexities and transforming that into a seamless experience for customers receiving money from their family and loves ones worldwide. We look forward to a successful collaboration with BRI.”

“This strategic collaboration supports Western Union’s strategy to forge new partnerships across multiple sectors, cultivating relationships and facilitating a money transfer superhighway, reaching urban, remote and rural geographies together,” he said.

“In an age when speed and reliability mean everything, we are excited to announce our collaboration with Western Union providing customers with convenient money transfer services,” said Listiarini Dewajanti, Senior Executive Vice President (SEVP) Treasury & Global Services, BRI. “Our vision is to provide the people of Indonesia with excellent financial services. As the world globalizes, it takes deep financial services expertise to expand access and create new choices and opportunities for customers, and we are glad to be able to do that with Western Union.”

Listiarini Dewajanti added, “BRI more than 9 thousand outlets reaching the archipelago in Indonesia. It means we have the largest bank network spread around the country. We are constantly looking for new ways to give customers value and are very pleased about this collaboration with Western Union.”

Previous Article

April 20, 2021

CompoSecure to become publicly-traded via merger with Roman DBDR

Read More
Next Article

April 20, 2021

Payhawk secures $20 million in funding led by QED Investors

Read More







Advertise with us



IBSi Daily News Analysis

FinTech digital payment in India

May 16, 2022

Indonesia

Digital payments caused a paradign shift in rural India

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

QIB introduces new features to its mobile app

Read More

May 13, 2022

5 FinTech tweets you should see!

Read More

May 13, 2022

Dock raises $110m, bringing total valuation to over $1.5b

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More