TAIPEI, Taiwan--(BUSINESS WIRE)--King’s Town Bank registered online banking account holders can now send and receive Western Union® Money TransferSM transactions internationally, The Western Union Company (NYSE:WU), a leader in global payment services, announced today.
The Western Union Money Transfer service can be accessed through King’s Town Bank’s online banking portal https://netbank.ktb.com.tw for the first time in Taiwan.
“With Western Union1, our online banking customers will be able to receive or send money electronically directly into or from their bank accounts within minutes2,” said King’s Town Bank. “The new service also allows our bank customers to pre-register recipients of money transfers, providing them with added convenience of completing a transaction at their own time and place via the internet.
“Reliability is a fundamental aspect in all money matters regardless of the reason for sending money – as regular financial support and living expenses, a cash gift for someone special or for saving. Western Union is a global leader in money transfers, providing money transfer services for over 135 years and operating as a global brand for 160 years. King’s Town Bank has worked with Western Union for 5 years, offering cash-to-cash money transfer services at our retail branches across Taiwan, and now we are offering our customers an alternative channel.”
“In Taiwan, consumers are rapidly embracing new technologies. Western Union’s strategy to provide new ways to send and receive international money transfers is about meeting the changing preferences of existing consumers as well as attracting new consumers,” said Chris Yau, regional director, Taiwan, Hong Kong & Macau, Western Union.
About King’s Town Bank
King's Town Bank (TPE:2809) is a commercial bank that operates its businesses through deposit business, including domestic remittance, safe case leasing and distribution of gold billets, gold coins and silver coins, among others; loan business, including loan services, bill discounting and domestic warranty services, among others; foreign exchange business, including foreign exchange trading, foreign exchange remittance, foreign exchange deposit and international financing services; trust and investment business, including trust services, specific purpose trust capital foreign securities investment, specific purpose capital domestic securities investment and short term bills broking, among others, as well as other businesses, including issuing of financial bonds and wealth management services.
1 Licensed Taiwanese foreign exchange banks will remit your funds to your overseas receivers through the Western Union Remittance System and its network of authorized agents located outside of Taiwan (“Overseas WU Agent(s)”)
2 Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination country, currency availability, regulatory and foreign exchange issues, required receiver action(s), identification requirements, Agent location hours, differences in time zones, or selection of delayed options. Additional restrictions may apply. Send Send form for details.