NetFinance Interactive 2015 (past event)
December 01 - 03, 2015
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Frederick Crosby
Vice President, Western Union Digital – Business Development & Marketing
Western Union
Check out the incredible speaker line-up to see who will be joining Frederick.
Download The Latest AgendaBeyond Basics: Making Your Online Experiences Seamless
Thursday, February 12th, 2015
09:10 Advancing Cross-Border Money Transfer In A Digital World
Money transfer is very social in nature, especially when you consider how it is transferred, as well as the multitude languages, countries and currencies involved. In return, it helps millions of people create health and vibrancy by providing economic opportunity and growth for individuals, businesses, communities and economies. However, when you’re a company that seamlessly moves approximately 30 transactions per second, across 16,000 corridors in more than 200 countries and territories around the world in more than 120 plus currencies, while adhering to international compliance and security requirements – cross-border payments are also very complex.
Western Union is working to create an integrated experience where the power of mobile and online technology support its retail network capabilities to give consumers an easy way to send money anytime, to nearly anywhere around the world, from the palm of their hand.
In this session, Mr. Fellahi will discuss:
• the role of digital technology in bringing money transfer to previously unbanked populations
• how integrating digital into the practice is transforming the way money is moved between key corridors
• the importance of security
• the challenges adhering to the multitude of competing regulatory initiatives at international, regional, national and local levels worldwide