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Western Union and Chinaa??s JD Digits Join Forces for Global Digital Money Movement

The Western
Union Company (NYSE: WU), a leader in cross-border, cross-currency
money movement, and JD Digits, a leading digital technology company in
China with 400 million individual customers, today entered into a
strategic agreement to join forces to advance digital cross-border money
movement and payments for global consumers and businesses in China.


Western Union and JD Digits are exploring new ways to combine the
convenience of online and mobile financial technology (fintech) services
to allow fast and convenient cross-border remittances and payments. In
the first phase, both companies will focus on moving remittances from
across the world into the mobile wallets and bank accounts of 400
million JD Digits individual customers.


Cross border money transfers between individuals play a significant role
in China. As the worlda??s second largest receiving country in the world,
China received USD63.8 billion and sent USD2.8 billion last year,
according to World Bank.


Announcing the collaboration at the headquarters of JD Digits in Beijing
today, Khalid Fellahi, Senior Vice President and General Manager Western
Union Digital, said, "It is exciting to be here in Beijing to formalize
the commencement of a powerful relationship to enhance digital money
movement and payments for one of the worlda??s largest economies.a??
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