The offering allows customers from both the countries to carry out transactions online through its transactional websites and, in the US, using its smartphone application or from Agent locations.
The global payment service firm has also rolled out domestic money transfers as business correspondent to Kotak Mahindra Bank, which will allow Indians to send money directly into bank accounts in the country.
Furthermore, the US and the UK consumers who own a non-resident bank account in India can use Western Union to send money into these accounts.
Its collaboration with private lender Kotak Mahindra Bank will enable Indians to send money directly into banks in India during, and beyond, traditional banking hours, available at 500 retail locations throughout the country.
Western Union president and chief executive officer Hikmet Ersek said that the company aims to serve its consumers anytime and anywhere.
"To achieve this, we are pursuing a multi-product, multi-channel strategy to enable consumers to manage their finances the way they want," Ersek added.
WU completed 231 million consumer-to-consumer transactions globally in 2012, moving $79bn of principal between consumers, and 432 million business payments.
