Western Union And Beforepay Offer ‘send Now, Pay Later’ Service To Consumers For International Money Transfers
Western Union and Beforepay today announced an unprecedented partnership that will enable consumers to enhance cross-border remittances with access to affordable, ethical, and reliable short-term loans.
Consumers can “send now, pay later” by borrowing up to A$2,000 through Beforepay’s payday advance product on Western Union’s digital channels.
Exclusive information from Western Union research shows that up to 44% of Australian consumers want the “send now, pay later” option when transferring money globally. Today’s announcement means consumers will be able to do just that. By accessing Beforepay’s payday advance product through Western Union’s website and mobile app, customers will be able to increase the amount they transfer. Signing up to access additional funds can be completed in minutes and, once granted, can be refunded in installments. International money transfers via Western Union can be sent to more than 200 countries and territories.
“We are committed to supporting our customers and their communities by offering financial services that are accessible, ethical, and reliable,”
“Western Union’s mission is to make financial services accessible to people everywhere. Our collaboration with Beforepay is another step towards achieving this mission – giving customers the opportunity to access additional funds as they send money to families and communities. We are excited about the positive impact it can have for consumers, as they proactively look for convenient options to meet their financial needs.”
Gregory Laurent, Regional Vice President of Australia, New Zealand and the Pacific Islands at Western Union.
Financial services for everyone
Today’s announcement reinforces Western Union’s “Grow 2025” strategy to combine accessible, high-value retail and digital financial services. Avantpay’s payday advance product is designed to give customers the ability to meet temporary cash flow challenges. The average advance offered to customers by Beforepay is around AU$ 400. The total amount is refunded within an average of three to four weeks.
“We’re excited to collaborate with Western Union to support their customers with access to safe, affordable short-term lending,”
“Beforepay and Western Union share a vision of providing inclusive financial services to aspiring consumers around the world.”
Beforepay CEO Jamie Twiss.
