Euler Hermes Singapore and Western Union Business Solutions are teaming up to create a business trading solution in response to the increasingly challenging risk environment.
To facilitate import-export trading operations, Western Union will provide customers with payment outreach convenience for over 130 currencies across 200 markets, which will help minimise operating costs incurred from processing payments and mitigating volatilities in the foreign exchange market, the insurer said in a statement. Meanwhile, Euler Hermes will further complement Western Union’s proposition by providing global non-payment protection through its trade credit solutions.
“We are delighted about this cooperation with Western Union Business Solutions