27 August 2016
Find out more

Western Union creates online and mobile unit

30 August 2011  |  7257 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  |  9176 views  |  0 comments
Western Union to cut 175 jobs and consolidate operations

Western Union to cut 175 jobs and consolidate operations

27 May 2010  |  8769 views  |  0 comments
Western Union to launch mobile remittance service in Malaysia

Western Union to launch mobile remittance service in Malaysia

05 October 2009  |  9689 views  |  0 comments
Western Union pilots mobile remittance systems in the Philippines

Western Union pilots mobile remittance systems in the Philippines

30 January 2008  |  10708 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  |  8223 views  |  0 comments
Western Union pushes mobile fund transfers

Western Union pushes mobile fund transfers

19 October 2007  |  7486 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
7701 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7536 views 11 | 24 tweets | 10 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6586 views comments | 17 tweets | 21 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6031 views comments | 14 tweets | 14 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
5687 views comments | 16 tweets | 18 linkedin

Featured job

Find your next job