WU Western Union Company

Western Union and Visa Bolster Their Global Partnership

today announced an update to its existing partnership with Visa, expanding its integration with Visa Direct, Visa’s real-time1 money movement network, into Western Union’s United States network.

Western Union’s integration with Visa Direct was initially activated across Europe, allowing Western Union customers in more than 20 countries to send and/or receive funds directly to eligible Visa debit card holders.

Building on this momentum, Western Union customers in the United States can now send money in near real-time to eligible Visa debit cards in Colombia, El Salvador, Jamaica, Philippines, Romania2 and Thailand using WU.com, the Western Union app, or from many of Western Union’s US retail locations.

“Western Union and Visa share a vision for modern money movement, one that ensures cross-border payments are reliable, efficient and transparent, with convenience and the customer’s channel of choice at the center of our customer experience,” said Gabriella Fitzgerald, President of the Americas Region, Western Union. “Our partnership with Visa underscores the benefits that collaboration brings to realizing this shared vision for our joint customers around the globe.”

“Visa is transforming cross-border payments with Visa Direct by helping to bring the ability to securely send and receive funds in near-real-time to more use cases around the world,” said Yanilsa Gonzalez-Ore, senior vice president, North America head, Visa Direct. “Through this partnership, we are using Western Union’s digital capabilities to help US customers send money to their family and friends and provide a means to help with bills, as a gift, or for an emergency.”

WU-G

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 approximately 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit .

1 Actual funds availability depends on receiving financial institution and region

2 Until further notice, send capabilities to Romania are retail only. US customers must use a Western Union retail location to send money to Visa debit card holders in Romania.

EN
09/08/2022

Underlying

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

Reports on Western Union Company

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 ...

 PRESS RELEASE

Western Union Reports Fourth Quarter and Full Year 2024 Results

DENVER--(BUSINESS WIRE)-- The Western Union Company (the “Company” or “Western Union”) (NYSE: WU) today reported fourth quarter and full year 2024 financial results. The Company’s fourth-quarter revenue of $1.1 billion increased 1% on a reported basis. The revenue increase was driven by growth in Consumer Services and Branded Digital. Results included a lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rate by 3 percentage points. “We concluded 2024 with a solid performance, marking our third consecutive quarter of positive adjuste...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch