- Malta’s Chamber of Commerce, known simply as the Malta Chamber, will work alongside international money transfer giant and household name Western Union Business Solutions (WUBS) as part of a new initiative to improve supply chain procedures and cross-border payments access for Maltese businesses.
- One area that the partnership will look at is expected to be the security of worldwide transactions – and it is likely to also focus in particular on trade ecosystems.
- Spokespeople for both the Chamber and WUBS were upbeat and positive about the new arrangement, with WUBS adding that it was aiming to help Maltese firms with worldwide growth.
The Chamber of Commerce in Malta has paired up with a leading provider of cross-border payments services.
The Malta Chamber said that it will work with Western Union Business Solutions (WUBS) as part of a project to improve digital payments.
The Chamber has made the move as part of a growing belief that consumers were looking for improved services when it comes to supply chains and international trading.
It is now seeking to ensure that the business trade ecosystem in the country is trusted and secure to help businesses have the confidence to grow.
One way that it intends to do this is by pushing for better cross-border payment safety approaches.
It also wants to improve the security of online transactions.
In a statement, the president of the Chamber, Marisa Xuereb, said that the organisation was looking to investigate the inner workings of trade supply chains and cut down on the risk of problems occurring.
Xuereb added that the ultimate aim was to help Maltese businesses break into wider worldwide markets.
“We want to delve deep on what is happening in trade supply chains not only to minimise potential impact of disruptions, particularly for retail, but also to better position our businesses for unprecedented opportunities to enter global markets,” she said.
On the part of WUBS, its country manager and executive director Mark Anthony Camilleri said that the organisation was looking forward to working alongside the Malta Chamber.
Camilleri added that WUBS is considered to be “one of the leading providers” in the sector – and that it would be able to use this status to help Maltese businesses grow in global markets.
“As one of the leading providers in the payments industry, WUBS is very pleased to partner with the Malta Chamber to serve and support the preparedness of local businesses to grow internationally,” he said.
Xuereb signed the agreement in Valletta, which is the island country’s capital.
She signed it in the presence of Camilleri and also the Chamber’s deputy president Chris Vassallo Cesareo.
WUBS is one of the B2B arms of Western Union, and offers specialist market knowledge to help firms make payments.
To find out more about the wide range of online money transfer services that exist in markets around the world, just head over to our reviews pages and read more about what’s on offer on the market.
