Western Union & Beforepay: Introduce ‘send now, pay later’ service

Western Union & Beforepay: Introduce ‘send now, pay later’ service

  • Western Union & Beforepay announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers
  • Consumers can ‘Send Now, Pay Later’ by borrowing up to AUD 2000 through Beforepay’s wage-advance product
  • Exclusive insights from the research show that as many as 44% of Australia’s consumers would like to have the choice to ‘Send Now, Pay Later’
  • By accessing Beforepay’s wage-advance product through the mobile app and website
  • International money transfers can be sent to over 200 countries and territories
  • The average advance Beforepay offers to customers is approximately AUD$400
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks.Highlights: FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...

Stablecoin Bank Kontigo Suffers Cyber Attack, Disrupting Operations

The cyber incident raises concerns about security in fintech.Highlights: Kontigo, a prominent stablecoin bank, experienced a cyber attack.The...