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Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have fundsavailable to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B usecases. “We
“In either case, the consumer is going to say, “oh, cool, I got my money right away.” However, enablers of instant money assume the risk between the time when they make fundsavailable and when settlement happens later.”. That’s particularly true when funds are truly instant — meaning they are irrevocable.
Consumers know that payment methods bearing their brand are accepted at tens of millions of merchants globally and that when they use those products, they work reliably. Retail payments innovators have tapped into that ubiquity-driven certainty to enable new usecases that extend their reach. That creates certainty.
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