27 July 2017
Download the paper now.

Western Union creates online and mobile unit

30 August 2011  |  7517 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)

Finextra news in your inbox

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

Related stories

Western Union to acquire Travelex Global Business Payments

Western Union to acquire Travelex Global Business Payments

05 July 2011  |  9471 views  |  0 comments
Western Union to cut 175 jobs and consolidate operations

Western Union to cut 175 jobs and consolidate operations

27 May 2010  |  8960 views  |  0 comments
Western Union to launch mobile remittance service in Malaysia

Western Union to launch mobile remittance service in Malaysia

05 October 2009  |  10011 views  |  0 comments
Western Union pilots mobile remittance systems in the Philippines

Western Union pilots mobile remittance systems in the Philippines

30 January 2008  |  11009 views  |  0 comments
Western Union and Bharti Airtel to pilot mobile remittance system

Western Union and Bharti Airtel to pilot mobile remittance system

30 November 2007  |  8990 views  |  0 comments
Western Union pushes mobile fund transfers

Western Union pushes mobile fund transfers

19 October 2007  |  7707 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit vasco.com/news/PSD2-compliant-solutionsvisit www.finastra.com

Who is commenting?

A Finextra member Finextra Member Commented on: Personal Finance bot C...
A Finextra member Finextra Member Commented on: US firm to implant emp...
A Finextra member Finextra Member Commented on: US firm to implant emp...

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
11014 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
10477 views comments | 10 tweets | 6 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
9980 views comments | 7 tweets | 21 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
9927 views comments | 29 tweets | 29 linkedin
US firm to implant employees with RFID chipsUS firm to implant employees with RFID chi...
8633 views 16 comments | 31 tweets | 38 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job