What is Globex?
GLOBEX is a Western Union partner for money transfer and money exchange services with 5 branches located in the South of France.
Problem
Users needing money transfer and exchange services rely on traditional providers with limited branch accessibility and potentially higher fees.
Solution
A Western Union partner service offering physical branches for money transfer and exchange, providing localized access in Southern France.
Customers
Expatriates, migrant workers, and travelers in Southern France requiring cross-border financial services.
Unique Features
Combines Western Union’s global network with localized branches for in-person transactions.
Traction
Operates 5 branches; revenue/user metrics undisclosed.
Market Size
The global remittance market reached $800 billion in 2022 (World Bank).
