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The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement, offering innovative financial services that empower individuals and businesses worldwide. With over 160 years of history, Western Union has firmly established itself as the largest money transfer company globally, handling over 270 million transactions in 2023 alone.
The company’s core business revolves around providing domestic and international money transfers through an extensive network of approximately 600,000 agents located across more than 200 countries and territories. This network ensures that families, friends, and businesses can easily send money and stay connected almost anywhere in the world. Western Union’s agents and employees are considered ambassadors of trust, responsibility, and hope, reflecting the company’s core values and dedication to its consumers.
Recent achievements include the expansion of Western Union’s network of concept stores and company-owned hubs in Europe. As of December 2023, the company has inaugurated 100 locations across 13 European markets, including Spain, Italy, France, Germany, and the United Kingdom. These concept stores not only facilitate international money transfers but also provide a premium brand experience and enhanced service levels. This initiative is part of Western Union's broader retail strategy, aiming to offer an omni-channel experience to customers, support local micro-entrepreneurs, and promote financial inclusion within migrant communities.
Western Union continues to innovate with new ventures, such as the launch of WU Digital in San Francisco, CA. This technology-driven platform enhances the company's digital capabilities, providing faster, easier, and more convenient access to its services. The company’s commitment to financial inclusion is evident through its investments in micro-entrepreneurship, allowing retail partners to open exclusive Western Union locations and play a vital role in their communities.
Financially, Western Union is robust, with a strong presence in both the digital and physical realms, offering services across nearly 130 currencies. The company’s mission is to help people and communities prosper by providing accessible financial services, thereby enabling consumers, businesses, financial institutions, and governments to connect with billions of bank accounts, millions of digital wallets and cards, and a global network of retail locations.
For more information, visit www.westernunion.com.
The Western Union Foundation announced a $6 million investment to aid 200,000 people across 33 countries, focusing on training and education for migrants, refugees, and international students, alongside disaster and COVID relief. The 2020 Global Philanthropic Impact Report underscores community activation. Additionally, the Foundation's 'Opportunity Beyond Borders' commitment involves a $15 million investment over three years to help migrant youth attain sustainable employment. In 2020, 64% of Western Union employees contributed nearly $2 million to various charitable causes.
The Western Union Company (NYSE: WU) announced its participation in the Wolfe Fintech Forum on March 10, 2021, at 3:00 p.m. Eastern time. CFO Raj Agrawal and President Shelly Swanback will provide insights during the presentation. Investors can access the event via webcast on Western Union's website, with an archived version available shortly after.
Western Union is a leader in cross-border money movement, connecting over 200 countries and territories with its financial network.
The Western Union Foundation has committed USD 500,000 to support the Aspen Institute's Global Opportunity Youth Network and the National Partnership for New Americans. This initiative is part of the Foundation's USD 15 million commitment to the Opportunity Beyond Borders program, aimed at aiding about 40 million migrant and refugee youth facing challenges due to COVID-19. The funding will develop leadership skills, digital training, and create a youth leadership curriculum, fulfilling the need to empower migrant youths as valuable contributors to the economy.
The Western Union Company (NYSE: WU) will present at the Evercore ISI Payments & Fintech Innovators Forum on March 4, 2021, starting at 2:45 p.m. Eastern time. CEO Hikmet Ersek and CFO Raj Agrawal will lead the presentation, which investors can listen to via a webcast at www.westernunion.com.
Western Union, a leader in cross-border money movement, operates in over 200 countries and territories, offering access to billions of bank accounts and millions of digital wallets.
Western Union Business Solutions has announced an expansion of its global capabilities, enhancing payment services for business clients. The integration of SWIFT Global Payment Initiative allows for greater visibility and faster transactions. Additionally, the WU Mass Payments API now supports 130 currencies, enabling financial institutions to streamline operations and manage international payments more efficiently. Scott Johnson, Head of Product, emphasized the importance of speed, traceability, and reliability in payments, positioning Western Union as a key player in cross-border financial flows.
The Western Union Company (NYSE: WU) has entered a multi-year agreement with Advance America to integrate Western Union’s digital and retail money transfer services. This partnership will provide Advance America's customers with 24/7 access to global financial services through an online portal and at 1,400 retail locations. Customers will benefit from a wide range of payment options, including transfers to bank accounts and cash pickups at numerous locations. The services are expected to launch in mid-2021, enhancing convenience and accessibility for users.
The Western Union Company (NYSE: WU) announced its participation in the KBW Fintech Payments Conference on February 23, 2021, at 2:40 p.m. Eastern time. CFO Raj Agrawal will make comments during the presentation. Investors can access the presentation via a live webcast on Western Union's investor relations webpage, with an archived version available shortly after.
Western Union is a leader in cross-border money movement, operating in over 200 countries and territories with access to more than 130 currencies.
The Western Union Company (NYSE: WU) reported Q4 2020 revenue of $1.3 billion, a 3% decline year-over-year, affected by COVID-19, though digital money transfers grew 36% to $240 million. GAAP EPS improved to $0.43 from $0.32. The company raised its dividend by 4% to $0.235. For 2021, Western Union expects mid-single digit revenue growth and EPS of $2.00 to $2.10, driven by strong digital performance. The company projects digital revenues could reach $1 billion in 2021, despite ongoing uncertainties in the macroeconomic landscape.
The Western Union Company (NYSE: WU) will present at the Goldman Sachs Technology and Internet Conference on February 11, 2021, at 3:40 p.m. Eastern time. CFO Raj Agrawal will lead the discussion. Investors can listen via webcast at westernunion.com, with an archived version available for one month after the presentation. Western Union is a leader in cross-border money movement, operating over 550,000 retail locations in 200 countries, making it accessible for consumers and businesses to send and receive funds.
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