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Western Union Debuts New Payment Option For Amazon Shoppers In Thailand

Western Union Co. (WU) unveiled a new payment option that allows Amazon.com customers in Thailand to pay in local currency for their Amazon.com purchases. The service is being offered initially in 10 countries - Chile, Colombia, Hong Kong, Indonesia, Kenya, Malaysia, Peru, Philippines, Taiwan and Thailand - enabling customers who prefer to pay in cash to shop Amazon.com's vast product selection.

Western Union said its platform is powering Amazon's new cross-border payment option, called Amazon PayCode, by processing the complex foreign exchange, settlement and money movement requirements for international e-commerce transactions.

After selecting PayCode on the Amazon.com checkout page, customers will be sent a code, along with instructions on how to pay in person at a participating Western Union® agent location. The move by Western Union and Amazon will provide access to online goods for customers who have largely been excluded from e-commerce shopping due to lack of accepted payment methods, the company said.

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