Western Union & Bond partner to help NGOs’ international money transfers
Melanie May | 9 June 2016 | News
Western Union Business Solutions and the Bond network have announced a major partnership to help NGOs working overseas make international payments more easily.
As well as giving NGOs easy access to a global payment solutions service, the partnership will help with all aspects of their international payment activities, supporting NGOs to better understand and address the currency risks and compliance issues that are specific to working internationally.
Western Union Business Solutions already works with several Bond members including: Oxfam, Amar and Internews. NGOs that use Western Union NGO GlobalPay are currently able to send payments to over 200 countries and territories, including delivery to mobile wallets in 11 countries, with a global clearing network that also enables them to send cross-border payments in more than 135 currencies.
Bond is a civil society network for global change that works with a variety of international NGOs, ranging from large agencies with a worldwide presence to community and specialist organisations. It has over 480 members.
Michael Wright, director of membership and communications at Bond said:
“As crises unfold across the world, the ability to send money to the frontline underpins the ability of NGOs to deliver life-saving aid. Many of our members deal in currencies which are changing all the time – understanding how to manage the risk this exposes them to is vital in order to make sure more of their money is spent on delivering essential projects. Through this partnership with Western Union Business Solutions we can provide NGOs large and small with powerful insights around cash management.”
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About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.