Western Union has unveiled a new payment option that allows Amazon.com customers in Kenya to pay in local currency for their Amazon.com purchases.
The new cross-border payment option is called Amazon PayCode.
It processes the complex foreign exchange, settlement and money movement requirements for international e-commerce transactions.
The service is now being offered in 10 countries – Chile, Colombia, HongKong, Indonesia, Kenya, Malaysia, Peru, Philippines, Taiwan and Thailand.
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After selecting PayCode on the Amazon.com checkout page, customers will be sent a code, along with instructions on how to pay in person at a participating Western Union agent location.
The move by Western Union and Amazon will provide greater access to online goods for customers who have largely been excluded from e-commerce shopping due to lack of accepted payment methods.
“Amazon is committed to enabling customers anywhere in the world to shop on Amazon.com, and a big part of that is to allow customers to pay for their cross-border online purchases in a way that is most convenient for them”, said Mani Sundaram, General Manager, Emerging Payments, Amazon. “Amazon PayCode leverages the reach of Western Union to make cross-border online shopping a reliable and convenient experience for customers who do not have access to international credit cards, or prefer to pay in cash.”
With operations in more than 200 countries and territories, Western Union’s platform processes an average of 32 transactions every second and moved $300 billion in principal across 130 currencies in 2017.
As of December 31, 2018, Western Union 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.