Western Union Gets Into Online Payments, Launches PayNearMe Competitor WU Pay

Money transfer service Western Union is launching a new online payments platform, called WU Pay, that allows consumers to pay for goods online by using your bank?s online bill pay service (similar to the way you pay a utility or credit card bill), or at a Western Union location in the U.S. Here's how it works. Shoppers can choose to pay with WU Pay at an online retailer's checkout page, and the order is confirmed with a bill sent to their e-mail address. Consumers pay the bill the same way they pay utilities, loans, insurance, and other bills, either through their online bank account or at one of over 44,000 Western Union money transfer locations in the U.S.

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