Western Union shakes hand with AliExpress.com

Right when Paypal and AliExpress announced separation, Western Union, a known name in payment transfer services worldwide, has shaken hands with Alibaba Group. With this agreement, buyers by using Western Union on AliExpress.com can make cash payments to the suppliers from around the world.

Escrow as mentioned on AliExpress.com

Western Union and AliExpress expect it to become a key payment platform option in emerging or otherwise under-served markets such as Latin America, Eastern Europe, Middle East and Africa where entrepreneurs have limited payment options and rely on cash transactions to sustain and grow their businesses, said a statement.

The service will allow registered buyers to place orders directly through AliExpress.com and opt to pay cash at Western Union Agent locations in more than 160 countries and territories. Good news is that escrow system will keep working and funds will be released to sellers upon buyers receiving their goods.

Jean Claude Farah, Western Union's senior vice president for the Middle East and Africa, said: “This global agreement brings together Western Union’s unparalleled extensive urban and rural agent network and Alibaba.com's highly advanced e-commerce platform, which will assist the SMEs in the Middle East and across the world to better manage their cash flow and respond quickly to market needs. SMEs will not only benefit from expedited payments through Western Union but also real time notification, transaction tracking and strengthened reliability offered by AliExpress.com."

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