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DCB Bank to use Western Union tech platform for SME biz

DCB Bank and Western Union Business Solutions are collaborating to support small and medium-sized enterprises in India to engage in cross border trade. Western Union Business Solutions is a business unit of the Western Union Company. DCB Bank will use Western Union Business Solutions’ global payments technology platform and foreign exchange services to drive its SME growth strategy and provide such customers with simple, customized solutions for outward remittances from India. The customers of the bank can have access to Western Union’s global network of banks to send funds in a cost effective, fast and secure way to suppliers globally, easy access to the transaction status – from initiation to receipt by beneficiary and doorstep service where a dedicated person will visit the customer to complete all documentation requirements.

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