TORONTO--(BUSINESS WIRE)--Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announced a collaboration with The Association of Canadian Travel Agencies (ACTA), a national member-based trade travel association.
The collaboration will enable more than 12,000 national members of ACTA’s travel agencies to leverage Western Union Business Solution's expertise in cross-border payments and take advantage of the knowledge of specialists in foreign currency transactions and currency risk management.
“We look forward to this new collaboration with ACTA, helping their members reduce costs and driving value back into the travel industry,” said Roy Farah, vice president of Canada for Western Union Business Solutions. “As one of the world’s leading providers of cross-border business payments, Western Union is transforming how businesses can expand globally through one of the largest and most diverse payment networks in the world.”
ACTA is a national member-based trade association that represents the retail travel sector of Canada’s tourism industry. Over 12,000 Travel Agents across the country work in their member agencies representing more than 80% of the travel business booked through a Travel Agency in Canada.
"We would like to welcome Western Union Business Solutions," said Wendy Paradis, president of the association. "Western Union offers valuable business tools and consultation for our members, helping to ease the complexity of international money movement.”
For organizations seeking a partner to optimize cross-border payments, Western Union Business Solutions equips you with the solutions you need to send, receive and manage international payments. Our extensive global network, spanning 200 countries/territories and 130 currencies combined with our knowledge of local markets enable you to manage international payments simply, effectively and efficiently.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of June 30, 2019, our network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com, our fastest growing channel in 2018, is available in approximately 70 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.
ACTA is an industry led, non-profit organization that advocates on behalf of members with governments, regulatory agencies, and travel suppliers in the best interests of the retail travel sector and consumers who benefit from the professional services provided by our Members. Our purpose since our founding more than 40 years ago, is to ensure Canadian consumers have professional, meaningful and ethical travel counselling services by providing effective leadership in matters that impact retail travel industry members and their clients.