WU Western Union Company

Western Union Foundation Celebrates Connecting 50,000 People to Economic Opportunities

The Western Union Foundation announced that it invested more than US$20 million, reaching more than two million people worldwide and connecting 50,000 individuals to economic opportunities, as part of its recently concluded Opportunity Beyond Borders commitment.

The Foundation’s highlights key programs and stories from people supported through the organization’s three-year commitment (Sept. 2019 – Dec. 2022). Opportunity Beyond Borders focused on empowering disadvantaged youth with the skill building and education needed to succeed in today’s global economy. Additionally, it supported communities during times of crisis through disaster relief and resiliency building.

  • Some key outcomes include:
  • 18,000 people nearly doubled their wages or earning potential;
  • 10,000 new jobs were created;
  • 1,500 new business ventures were launched;
  • 133 scholarships were provided.

“As we conclude Opportunity Beyond Borders, it’s exciting to see the tangible and long-term difference we’ve been able to make for so many people around the world,” said Lauren Bell, Executive Director of the Western Union Foundation. “The individuals touched by our work have faced challenges that many of us can’t even imagine. We’re proud to play a small role in their journeys towards building a more prosperous future for themselves and their families.”

Through Opportunity Beyond Borders, the Foundation was able to help aspiring individuals access quality education, career pathways, and a chance to transform their lives for the better. Stories featured in the report include:

  • Zonera, an international student from Pakistan who is on her way to graduating with a degree in computer science after struggling for years with medical debt.
  • Lamunu, an aspiring entrepreneur who was empowered to start her own community venture after taking business training and financial literacy courses in Uganda.
  • Rook, a determined father who went from experiencing homelessness to becoming a homeowner after taking courses that allowed him to gain a software engineering job.

The Foundation’s impact is a testament to the generosity and support of Western Union, its employees and corporate partners. In 2022 alone, nearly 70% of Western Union’s employees volunteered their time or made a charitable donation to the Foundation or other nonprofits, driving nearly US$2.3 million in contributions and logging over 15,000 hours of volunteer time.

Learn about the programs that helped make a difference and hear from some of the 50,000 people who connected to economic opportunities through Opportunity Beyond Borders by reading the Foundation’s .

WU-G

About the Western Union Foundation

The Western Union Foundation’s mission is to create economic opportunity for youth and people who migrate in search of better opportunities. With more than two decades of impact, we continue to deliver on our mission by investing in programs that provide aspiring individuals with access to quality education, career pathways, and a chance to transform their lives for the better. To date, we have invested more than $140 million in nonprofits spanning over 150 geographies. The Western Union Foundation is a separate, tax-exempt 501(c)(3) charitable corporation and receives support from The Western Union Company, its employees, agents and business partners. Contributions to the Foundation are tax-deductible for U.S. income tax purposes. To learn more, visit or follow us on Twitter @TheWUFoundation.

EN
09/05/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Western Union Company

Western Union Co: 1 director

A director at Western Union Co bought 176,470 shares at 8.489USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

Western Union and urpay Collaborate to Offer International Money Trans...

RIYADH, Saudi Arabia--(BUSINESS WIRE)-- and today announced the launch of international money transfer services in the urpay wallet, enabling customers to seamlessly send money to friends and family globally. The move aims to contribute towards Saudi Arabia’s ongoing efforts to build an inclusive digital economy as part of its Vision 2030. This press release features multimedia. View the full release here: Left to right: Giovanni Angelini, President, Europe, Middle East, and Africa at Western Union and Abdullah Al-Ibrahim, CEO, NeoLeap (Photo: Business Wire) urpay, launched in 2021, is Saud...

 PRESS RELEASE

Western Union to Present at the Wolfe Fintech Forum on March 11th

DENVER--(BUSINESS WIRE)-- The Western Union Company (NYSE: WU) today announced that the Company will present at the Wolfe Fintech Forum on Tuesday, March 11th. The presentation will begin at 8:00 a.m. Eastern Time and will include comments from Matt Cagwin, Chief Financial Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from , under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE: WU) is committed to helping...

 PRESS RELEASE

Western Union and Penny Pinch Launch International Money Transfer Serv...

CASTRIES, Saint Lucia--(BUSINESS WIRE)-- Western Union and Penny Pinch today announce that they have launched international money transfer services in the Penny Pinch app. The co-branded service enables customers in the country to send and receive money globally, based on their convenience and needs. Penny Pinch is Eastern Caribbean’s leading digital wallet provider. Today’s announcement means Penny Pinch customers can now receive money from their loved ones into the wallet seamlessly through Western Union’s vast global network, which spans over 200 countries and territories. They also have ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch