25 May 2015

Western Union creates online and mobile unit

30 August 2011  |  6830 views  |  0 smartphone

Money transfer firm Western Union is creating a new business unit to house its online, pre-paid and mobile services.

Western Union Ventures will be led by chief marketing officer Diane Scott, focussing on the development of new services and incorporating westernunion.com, pre-paid and the mobile money transfer operations.

The company has been steadily building its mobile services over the last few years, as it seeks to take advantage of the huge remittance market.

The unit will be one of three, with the other two housing Western Union's core consumer money transfer and bill payment services and business-to-business operations.

As part of the shake-up, David Yates, EVP, business development and innovation, is leaving the firm.

Hikmet Ersek, CEO, Western Union, says: "Western Union Ventures will allow us to build deeper relationships with existing and new consumers and to expand our portfolio with new services."
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

05 July, 2011
27 May, 2010
05 October, 2009
08 December, 2008
30 January, 2008
30 November, 2007
19 October, 2007

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
7145 views comments | 48 tweets | 31 linkedin
UK opts out of European online payments se...
6448 views comments | 21 tweets | 15 linkedin
MasterCard launches personal payments serv...
6155 views comments | 15 tweets | 29 linkedin
US banks bid to crack down on 'card cracki...
5664 views comments | 8 tweets | 10 linkedin
Metro Bank to offer consumer loans via Zop...
4893 views comments | 29 tweets | 21 linkedin

Featured job

to £100K base, 200K ote, stock options, benefits
London, UK (or Greece, Turkey, Israel)

Find your next job