Amazon taps Western Union for new payment option

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The Western Union Company has been engaged by Amazon to launch a new payment option that allows international shoppers to pay in person, in local currency where available, for their online purchases.

Customers in select countries will be able to shop on Amazon and pay in person, in local currency, through its agent network, Western Union said in a statement.

Customers will be offered the new payment option on the Amazon checkout page. Shoppers will be sent a code and instructions on how to make the payment at a participating Western Union agent location. Western Union’s platform will also power the process for cash refunds for product returns.

Forrester Research estimates that cross-border shopping will make up 20% of e-commerce by 2022, with sales reaching $630 billion.

[Image courtesy: Western Union]