Western Union - News, Articles & Research

News

Western Union opens Indian tech centre

Western Union has opened a technology centre in Pune, India, employing more than 1000 staffers working on areas such as robotics, machine learning and biometrics.

30 January 2018

Company announcement

Western Union fined $60 million for violating AML laws

Financial Services Superintendent Maria T. Vullo today announced that Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services (DFS) for violations of New York Bank Secrecy Act (BSA) and anti-money laundering laws (AML).

04 January 2018

Company announcement

Western Union teams up with Mastercard for debit card transfers

Today Mastercard and The Western Union Company announced they are working together to integrate Mastercard Send into the Western Union Money Transfer service, allowing Western Union to deliver funds to virtually all U.S. debit cards.

25 October 2017

Company announcement

Oanda expands to Germany with Western Union

A global leader in online multi-asset trading services and foreign exchange solutions for individuals and businesses, OANDA recently extended a new cross-border money transfer solution to clients in Germany.

08 August 2017

Company announcement

Mastercard and Western Union explore digital model for refugee camps

On World Refugee Day, Mastercard and Western Union have announced a collaboration to explore the development of a digital model to help refugees more easily access basic human goods, services and finances within refugee settlements. The aim is to enable refugees, their host communities and donors to send and receive funds digitally, allowing for more transparency and long-term empowerment of refugees.

20 June 2017

Company announcement

Oanda and Western Union team of cross-border money transfer

OANDA, one of the world’s largest providers of multi-asset trading services and foreign exchange solutions for individuals and businesses, today announced that it has teamed up with Western Union Business Solutions to deliver a new cross-border money transfer solution, OANDA Money Transfer.

17 May 2017

Company announcement

Western Union to host UK RegTech trade mission

The Western Union Company (WU), a leader in global money transfer and payments services, is teaming up with the Department for International Trade (DIT) to host 16 ‘RegTech’ industry leaders in a ‘RegTech’ Lunch and Learn session in New York.

27 April 2017

Company announcement

Western Union enables in-app support for Apple Pay

The Western Union Company (NYSE: WU), a leader in global payment services, today announced that United States customers using its mobile app can now pay with Apple Pay when sending money transfers originating in the United States to more than 200 countries and territories worldwide, including domestic bill payments.

05 April 2017

Company announcement

Western Union boosts UK presence through John Lewis deal

The Western Union Company (WU), a leader in global payment services, today announced that following a highly successful six month pilot, it is formally launching Western Union® cross-border money transfer services with retailer and financial services provider John Lewis.

06 March 2017

News

Western Union to pay $586m to settle AML charges

Western Union has agreed to pay $586 million to settle US criminal and civil charges that it wilfully failed to maintain an effective anti-money laundering programme and aided and abetted wire fraud.

19 January 2017

Company announcement

Maybank launches mobile money transfer service in Malaysia with Western Union

Maybank and Western Union, a leader in global payment services, today announced the launch of the first digital remittance service in Malaysia via its Maybank2u ("M2u") mobile banking App.

30 December 2016

Company announcement

Western Union integrates with Viber

The Western Union Company (NYSE: WU), a leader in global payment services, today announced it is enhancing its existing relationship with Viber, a leading mobile messaging app with 754M unique users worldwide, by enabling Viber users in the UK to send money domestically and internationally to more than 200 countries and territories from the convenience of the Viber app.

07 December 2016