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Tag: western union

Western Union Bolsters its Global Digital Cross-Border Payments Leadership
Business

Western Union Bolsters its Global Digital Cross-Border Payments Leadership

Expands Real-time Payout into Billions of Bank Accounts to 100 Countries DENVER, CO (STL.News) Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced it has expanded real-time digital payout capabilities into 100 countries reaching billions of bank accounts.i For decades, Western Union already paid out in minutes into 550,000 agent locations in 200 countries and territories.  The goal to expand real-time payout into bank accounts, wallets and cards was announced at the 2019 Investor Day where the company said it would reach the 100-country milestone in 2020. Expanding real-time payout capabilityii is a key focus of the Company’s digital growth strategy which centers on growing its industry-leading digital services offered throug...
Western Union Advances Its Digital Growth Strategy With Investment in stc pay
Business

Western Union Advances Its Digital Growth Strategy With Investment in stc pay

DENVER, CO (STL.News) The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company.  According to the terms of the transaction, Western Union will invest up to $200 million for up to 15% ownership of stc pay.  In conjunction with the investment, the companies extended the terms of their commercial relationship. stc pay has rapidly developed into a leading digital wallet service in Saudi Arabia, a young and quickly developing market which offers huge potential for digital services.  With a strong base of over 4 million customer...
Western Union Expands Real-Time Payout
Business

Western Union Expands Real-Time Payout

Expands Bank, Wallet and Card Payout with Real-Time Capabilities advancing Global Digital Network to meet Growing Customer Demand DENVER, CO (STL.News) Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced it has further expanded its global digital network for funds payout and increased the availability of real-time payouts, advancing the company’s goal of building the world’s largest funds collection and distribution network to meet the growing customer demand for transparency, immediacy, and reliability. For decades, Western Union has been moving money with payout in minutes in over 130 currencies through its vast global retail network of over 550,000 agent locations across more than 200 countries and territories. The company n...
Western Union and Kroger Extend 35-Year Relationship, Offer Global Digital and Retail Money Transfers
Business

Western Union and Kroger Extend 35-Year Relationship, Offer Global Digital and Retail Money Transfers

DENVER, CO & CINCINNATI, OH (STL.News) The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced that it has extended its 35-year relationship with The Kroger Co. (NYSE: KR), America’s largest grocery retailer. The new non-exclusive agreement will enable Kroger customers to continue using Western Union’s market leading digital and retail services. Through Western Union, consumers can send money digitally, or stage a transaction via Kroger’s Money Services online portal and pay in person.  Additional in-person services for Kroger customers include domestic and international money transfers, bill pay and money orders, available at more than 2,300 stores across the U.S. Consumers can send money for pay out via Western Uni...
Western Union to Release Third Quarter Results on October 29, 2020
Business

Western Union to Release Third Quarter Results on October 29, 2020

DENVER, CO (STL.News) The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 third quarter results on October 29, 2020 at 4:30 p.m. ET.  A press release highlighting the financial results will be issued at approximately 4:00 p.m. ET the same day. The webcast and slide presentation will be available at http://ir.westernunion.com.  Registration for the event is required, so please register at least five minutes prior to the scheduled start time. To listen to the conference call via telephone, dial +1 (888) 317-6003 (U.S.) or +1 (412) 317-6061 (outside the U.S.) ten minutes prior ...
Western Union Launches WU.com In India
Business

Western Union Launches WU.com In India

India’s Wu.com Customers Can Now Send Money from India to the World, 24/7 DENVER & NEW DELHI (STL.News) Western Union, a leader in cross-border, cross-currency money movement and payments, today launched its digital platform - WU.com in India, in association with YES BANK, one of the leading banks in the country, enabling customers in India to send money globally - 24/7. With WU.com customers fund their transactions online through transfers from their national bank accounts and then have the ability to send money into bank accounts in many countries across major regions of the world, including North America, Europe, parts of Latin America, the Middle East and Asia Pacific1. The announcement executes upon Western Union’s strategy to expand its services across emerging markets and open...
Western Union Expands Its Global Platform Now to New Partners in Asia
Business

Western Union Expands Its Global Platform Now to New Partners in Asia

Japan’s KYODAI Remittance and Korea’s Fintech Hanpass Money Transfer Companies Will Now Use Western Union’s Global Network DENVER & TOKYO & SEOUL, South Korea (STL.News) Western Union (WU),  a leader in cross-border, cross-currency money movement and payments, today further expanded its white label offerings to Asia enabling customers of third-party money transfer companies to pay out through Western Union. Customers of Japan’s oldest remittance company KYODAI Remittance, a service of Unidos Co., Ltd., and Korea’s leading fintech company Hanpass, became the latest collaborators to move funds globally through Western Union.  Their customers may choose to pay out into billions of bank accounts in more than 100 countries, millions of wallets in a dozen countries or the Western Union®...