Summary
WU Chart
Western Union Considers Jump Onto Stablecoin Bandwagon
Western Union is reportedly considering the launch of its own dollar-backed stablecoin. The remittance company is facing competition from a growing swath of cryptocurrency-centered money movement operations, Bloomberg reported Tuesday (Aug. 12).
Western Union Expands Retail Footprint With $500 Million Intermex Deal
Western Union is acquiring money transfer service International Money Express (Intermex) for $500 million. The deal is designed to bolster Western Union's retail business in the U.S. while helping it speed digital customer acquisition, the company said in a Sunday (Aug. 10) news release.
Western Union Launches Money Transfer Partnership With Chipper Cash
Western Union is joining forces with two African FinTechs to provide international money transfer services. The collaboration, announced Wednesday (July 30), will see Western Union work with Zambia's Zoona Transactions and its parent company Chipper Cash, letting customers in Zambia send and receive money around the world.
The Western Union Company (WU) FAQ
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The Western Union Company Profile
| Financial - Credit Services Industry | Financial Services Sector | Devin B. McGranahan CEO | XMEX Exchange | US9598021098 ISIN |
| US Country | 9,100 Employees | 16 Jun 2025 Last Dividend | - Last Split | 2 Oct 2006 IPO Date |
Overview
The Western Union Company is a global leader in money movement and payment services, offering a broad spectrum of financial solutions to consumers, businesses, and organizations around the world. Founded in 1851, the company has built an extensive network dedicated to facilitating global financial connectivity through a variety of channels, including retail locations, online platforms, and mobile devices. With its headquarters in Denver, Colorado, Western Union continues to innovate and expand its services to meet the evolving needs of its customers, ensuring secure and efficient financial transactions across international borders and within countries.
Products and Services
Western Union's diverse range of financial services is designed to cater to the versatile needs of its global customer base, providing secure and convenient solutions for money transfers, payments, and other financial activities. These services include:
- Consumer Money Transfer: This segment involves facilitating money transfers across international borders and within countries. It primarily operates through a vast network of retail agent locations, complemented by accessible online platforms and mobile applications, offering users flexible options to send and receive money worldwide.
- Bill Payment Services: Designed to streamline the process of paying bills, this service allows consumers, businesses, and organizations to make payments conveniently to a wide range of billers. It simplifies the payment process, enabling timely and secure transactions through various channels.
- Money Order Services: Offering a reliable and traceable method of payment, money orders from Western Union provide a secure alternative to cash and checks. These are widely used for payments that require verification of funds on delivery, adding an extra layer of security to transactions.
- Retail Foreign Exchange Services: Catering to the needs of international travelers and businesses, this service offers competitive foreign exchange rates and solutions. It enables customers to exchange currencies conveniently at retail locations, ensuring access to local currencies while abroad.
- Prepaid Cards: These cards provide a secure and convenient way to manage money, offering the flexibility of cash with the protection of a card. They are widely accepted and can be easily reloaded, making them an ideal solution for budget management and everyday transactions.
- Lending Partnerships: By collaborating with various lending institutions, Western Union facilitates access to credit and loans for its customers. These partnerships are designed to provide financial solutions that meet the diverse needs of consumers, enhancing their ability to manage and finance their requirements.
- Digital Wallets: Embracing the shift towards digital financial services, Western Union offers digital wallet services, allowing customers to store, send, and receive money digitally. This innovative solution caters to the growing demand for cashless transactions and offers a high degree of convenience and security.
Contact Information
