Western Union - News, Articles & Research

Company announcement/payments

Western Union to issue virtual and physical cards with Marqeta

Marqeta (NASDAQ: MQ), the global modern card issuing platform, has teamed up with Western Union, global leader in cross-border, cross-currency money movement and payments, to integrate its solution into Western Union’s next generation real-time multi-currency digital wallet and digital banking platform in Europe.

07 June 2022

Company announcement/payments

Western Union expands partnership with UK Post Office

Western Union (NYSE: WU) announced today that it is expanding its collaboration with the UK Post Office to provide retail cross-border money transfers.

29 April 2022

News/payments

Western Union joins Russia exodus

Western Union is the latest payments giant to suspend operations in Russia and Belarus in response to what it has called the "unprovoked and unjustified invasion of Ukraine".

11 March 2022

Company announcement/payments

Cuentas offers app-based cross border money transfers with Western Union

Cuentas, a leading fintech provider of mobile banking, digital wallet and payment solutions serving Hispanic and Latino communities, has integrated Western Union's domestic and international money transfer capabilities into the Cuentas mobile banking app.

09 March 2022

News/payments

Sberbank launches mobile remittances to China

Russian state lender Sberbank has rolled out a service that lets customers send money to Alipay wallets in China using phone numbers.

04 February 2022

Company announcement/people

Western Union CEO Hikmet Ersek retires

The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announces the appointment of Devin B. McGranahan as new Chief Executive Officer (CEO).

15 November 2021

Company announcement/payments

Western Union joins forces with African financial institutions

Western Union, a global leader in cross-border, cross-currency money movement and payments, is collaborating with major financial institutions in Africa, to enable millions of consumers to send and receive cross-border payments, quickly and reliably, 24/7.

04 October 2021

Company announcement/payments

Western Union taps Salt Edge for EU digital account pilot

Salt Edge, a pioneer in open banking, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s multi-currency bank account pilot in Europe.

27 September 2021

Company announcement/payments

Western Union to offload Business Solutions unit for $910 million in cash

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, together with Goldfinch Partners, LLC (“Goldfinch”), a private equity firm investing in businesses at the forefront of digital transformation, and The Baupost Group, LLC (“Baupost”), a $31 billion Boston-based investment firm, today announced that they have entered into a definitive agreement, under which a consortium of Goldfinch and Baupost will acquire Western Union Business Solutions for approximately $910 million in cash.

10 August 2021

News/inclusion

Google Pay enlists Western Union and Wise for remittances

Google Pay users in the US can now send money to India and Singapore thanks to integrations with Western Union and Wise.

11 May 2021

Company announcement/payments

Adavpay forms currency exchange alliance with Western Union

Advapay, a digital and core banking platform for fintechs, and Western Union, a global leader in cross-border, cross-currency money movement and payments, today announced a strategic partnership that will help Advapay’s fintech clients access a real-time currency exchange and international payment functionality on the company’s Digital banking platform.

30 March 2021

Company announcement/payments

Western Union integrates with Swift gpi

Western Union Business Solutions, the payments arm of the Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announced the expansion of its global capabilities, bringing faster and more transparent payment services to business customers. Western Union Business Solutions has integrated SWIFT Global Payment Initiative and increased its international currency options within its WU Mass Payments API to 130.

25 February 2021