Western Union Business Solutions Supports Latino Business Action Network

Rhea-AI Summary

The Western Union Company (NYSE: WU) has announced its sponsorship of the Latino Business Action Network through its Western Union Business Solutions unit. This partnership aims to empower Latino entrepreneurs by enhancing business growth via education and research. The initiative aligns with the company's commitment to diversity and inclusion in business. Both Jennifer Garcia, COO of LBAN, and David Renta, Hedging Director at Western Union Business Solutions, expressed enthusiasm for the collaboration's potential to strengthen Latino businesses in the U.S.

Positive

• Sponsorship of Latino Business Action Network supports Latino entrepreneurs.
• Partnership aligns with Western Union's commitment to diversity and inclusive business practices.
• Potential to enhance the economic development of the Latino community in the U.S.

Negative

• None.

DENVER--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced sponsorship support of the Latino Business Action Network by its Western Union Business Solutions unit.

The Latino Business Action Network (LBAN) is a 501(c)(3) nonprofit organization with the purpose to strengthen the United States by improving the lives of Latinos. LBAN empowers Latino entrepreneurs to grow their businesses through research, education and national ecosystem development. LBAN collaborates with Stanford University to champion the Stanford Latino Entrepreneurship Initiative (SLEI).

The partnership reflects Western Union Business Solutions’ advocacy towards diversity in business and an investment towards initiatives that further this goal in the small business sector. This partnership is launched with the objective of contributing to the valuable mission set forth by LBAN. It is also an extension of a company-wide commitment to a fully inclusive work culture that reflects global communities.

“We strive to unleash the economic earning potential of Latino entrepreneurs by understanding and addressing structural impediments to scaling their businesses and by identifying and analyzing the opportunities and national economic implications represented by Latino business development,” said Jennifer Garcia, COO of LBAN. “We are excited to have the support of Western Union Business Solutions in this endeavor.”

“Western Union Business Solutions envisions a culture of global unity and boundless connection, contributing to a world where diversity is celebrated in all its forms,” said David Renta, Hedging Director at Western Union Business Solutions. “I am proud that Western Union Business Solutions has joined with the Latino Business Action Network to support its mission and support Latino businesses in the United States.”

For organizations seeking a partner to optimize cross-border payments, Western Union Business Solutions equips you with the solutions you need to send, receive, and manage international payments. Our extensive global network, spanning 200 countries/territories and 130 currencies combined with our knowledge of local markets enable you to manage international payments simply, effectively, and efficiently.

About Western Union

The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies. We connect businesses, financial institutions, governments, and consumers through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and over half a million retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005168/en/

Cristina Hoole

Western Union

Mobile: +44-(0)7766 070978

Cristina.Hoole@wu.com

Source: The Western Union Company

FAQ

What is the recent partnership announced by Western Union (WU)?

Western Union has announced a sponsorship of the Latino Business Action Network to support Latino entrepreneurs.

How does the partnership with the Latino Business Action Network affect Western Union's business strategy?

The partnership reflects Western Union's commitment to diversity and aims to empower Latino entrepreneurs.

What is the goal of the Latino Business Action Network supported by Western Union (WU)?

The goal is to strengthen Latino businesses through education, research, and ecosystem development.

Who expressed excitement about the partnership between Western Union (WU) and the Latino Business Action Network?

Jennifer Garcia, COO of LBAN, and David Renta, Hedging Director at Western Union Business Solutions, expressed excitement.