Western Union Business Solutions leverages expertise of Kamal Exchange

AMMAN, Jordan - June 4, 2015 - PRLog -- Buoyed by the success of its cross-border B2B (business-to-business) payment service in Jordan which has been spearheaded by Kamal Exchange, Western Union Business Solutions – a business unit of the Western Union Company, a leader in global payment services – is looking to further enhance the penetration of its services in Jordan while it prepares to expand its service portfolio in the region.

With access to over 135 currencies and an international financial network spanning more than 200 countries and territories, Western Union Business Solutions brings unparalleled global reach and expertise that enables businesses of all sizes to send and receive cross-border payments and manage foreign exchange.

The company’s cross-border B2B service has been revolutionizing the business payments landscape in Jordan, where Western Union Business Solutions offers foreign exchange and payment services to Small and Medium Enterprises (SMEs) through Kamal Exchange Co. LLC, the leading money transfer firm in the kingdom.

“As the world’s leading non-bank provider of cross-border business payments, Western Union Business Solutions brings deep expertise in moving funds around the globe,” said Anil Kapur –Managing Director, India, Middle East, Malaysia and Philippines, Western Union Business Solutions. “Our extensive agent network has been the backbone of our business success over the years, and this is especially true in the context of the Middle East region, which represents one of the fastest growing global markets for our company.”

“Jordan is rapidly emerging as a top market for Western Union Business Solutions international payments. The success of our relationship with Kamal Exchange serves as a testament to how nurturing collaborative relationships can result in business growth and customer satisfaction while altering the competitive dynamics of the industry. The fact that Kamal Exchange has remained, for the last three years, the highest contributing agent for Western Union Business Solutions worldwide speaks for itself,” he added.

Ihab Kamal, General Manager at Kamal Exchange said, “Western Union is a brand trusted by millions of people the world over and their industry-leading portfolio of business solutions has helped fill a major gap in the Jordanian financial sector by allowing small and medium enterprises – which form the mainstay of the national economy – to make fast and reliable cross-border payments. So much so, it has become a viable alternative to traditional banks for many SMEs and business-to-business customers in Jordan. Today, we have thousands of registered customers from the SME sector who trade with us on a regular basis to take advantage of Western Union Business Solutions.”