Western Union - News, Articles & Research

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

News/regulation

US money transfer firms hail multi-state compliance initiative

Money transmitters operating in 40 or more US states are set to benefit from a new multi-state compliance programme, enabling them to more easily extend their business across state lines.

16 September 2020

Company announcement/payments

Hello Paisa goes global with Western Union

Hello Paisa, one of South Africa’s largest international money transfer providers and Western Union, a global leader in cross-border, cross-currency money movement and payments today announced they have joined forces to enable Hello Paisa customers to send global money transfers for payout at the global network of Western Union.

22 July 2020

Company announcement/payments

SA fintech, Mama Money expands globally with Western Union

A rapidly growing local money transfer company Mama Money has joined forces with Western Union, the world leader in cross-border, cross-currency money movement and payments.

30 June 2020

Company announcement/markets

Western Union to offer services to Elite companies on the London Stock Exchange

Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, has partnered with ELITE, part of London Stock Exchange Group, to offer a portfolio of services to companies in the U.K. through Western Union Business Solutions enabling them to propel growth, raise capital and access global and local networks.

16 June 2020

News/payments

Western Union bids to buy MoneyGram - Bloomberg

Western Union has made an offer to buy fellow money transfer outfit MoneyGram, according to Bloomberg.

02 June 2020

Company announcement/payments

Western Union expands global real-time payments network

Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced continued expansion of its Global Network for real-time money-movement and payments, benefiting the Company’s consumers and clients across its branded money transfer and payments business as well as its expanding white-label business.

24 April 2020