Western Union

The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer, Business Solutions, and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, and cross-currency transactions for small and medium size enterprises and other organizations and individuals. The Other segment consists of electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.

Earnings data Q1 2021

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Western Union faces revenue decline but focuses on digital growth

Western Union's Q4 2022 performance was impacted by geopolitical events, leading to revenue decline and lower earnings per share. Despite challenges, the company is focusing on digital growth, customer retention, and strategic partnerships to drive future success. Opportunities in digital expansion, pricing strategies, and customer retention initiatives present avenues for growth.

Western Union reports Q1 resilience, eyes growth in digital operations

Western Union's Q1 performance showed resilience amidst challenges, with a focus on stabilizing retail operations and accelerating digital growth.
While facing revenue declines in certain segments, the company is leveraging strengths in customer value enhancement and strategic partnerships.
Opportunities lie in capitalizing on regional successes, optimizing operations, and sustaining positive trends in transaction growth.
To drive future growth, Western Union must address challenges from geopolitical impacts, competitive pressures, and customer engagement.

Western Union reports strong Q2 earnings, eyes digital expansion

Western Union's Q2 2023 earnings call highlighted strong financial performance, with revenue growth, adjusted EPS exceeding expectations, and positive transaction trends in digital and retail businesses. The company's focus on customer-centric initiatives and strategic partnerships positions it well for future growth.
While facing challenges such as regulatory changes impacting volumes and the need to balance growth with cost management, Western Union has opportunities to expand its digital offerings, deepen customer relationships, and capitalize on market trends. The company's commitment to social responsibility and leadership development further strengthens its competitive position.
Overall, Western Union's performance in Q2 2023 reflects resilience and strategic foresight in navigating global economic challenges and driving growth in key regions. With a positive outlook for 2024 and a focus on innovation and customer experience, the company is poised for continued success in the remittance industry.
The company's emphasis on process improvements, cost savings, and revenue growth, coupled with opportunities in digital expansion and customer engagement, underscores Western Union's commitment to driving value for stakeholders and maintaining a competitive edge in the financial services sector.

Western Union reports strong Q3 results, eyes growth opportunities

Western Union's Q3 2023 earnings call highlighted positive revenue growth, successful execution of their strategy, and a focus on customer acquisition and operational excellence. While facing challenges in the outlook for Q4, the company is well-positioned to capitalize on opportunities for growth through enhanced marketing, retail retention, and technology investments.

Western Union reports strong Q4 results, eyes growth through diversification

Western Union's Q4 performance reflects growth in revenue, EPS, and operational cash flow, driven by improvements in retail and digital operations. While facing challenges from geopolitical events and declining revenue per transaction, the company's strategic focus on diversification and cost efficiencies positions it well for future growth. Opportunities lie in expanding product offerings, enhancing customer retention, and optimizing strategies for sustained profitability.

Western Union reports strong Q1 earnings, eyes digital growth

Western Union's Q1 2024 performance reflects progress towards its EVOLVE 2025 goals, with revenue growth, improved transaction trends, and enhanced operational efficiencies. Despite facing challenges like macroeconomic conditions and operational hurdles in certain regions, the company remains optimistic about its strategic direction and ability to achieve its targets. Opportunities in digital business growth, loyalty programs, and consumer services present avenues for sustained expansion and profitability.

Western Union reports positive Q2 earnings, eyes digital growth

Western Union's Q2 2024 performance showcased positive revenue growth, driven by consumer money transfer transactions and Consumer Services segment growth.
The company's strengths lie in its focus on digital business growth, customer experience enhancements, and sustained transaction growth.
Challenges include maintaining growth momentum amidst market dynamics and competitive pressures in the digital money transfer space.
Opportunities for Western Union include capitalizing on market share gains, revenue diversification through new products, and strategic expansion through M&A opportunities.

Western Union reports Q3 growth, expands digital presence through acquisitions

Western Union's Q3 2024 performance demonstrated positive growth in adjusted revenue and consumer money transfer transactions. The company's strategic focus on digital expansion and acquisitions in Singapore and Mexico positions it well for future growth. Despite challenges in Latin America and competition in the digital space, Western Union's financial resilience and growth strategies offer promising opportunities.

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The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer Money Transfer, Business Solutions, and Consumer Services. The Consumer Money Transfer segment facilitates money transfers, which are primarily sent from retail agent locations worldwide or through websites and mobile devices. The Business Solutions segment focuses on the payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Consumer Services segment includes the company’s bill payment services which facilitate payments for consumers, businesses, and other organizations, as well as the company’s money order services, retail foreign exchange services, prepaid cards, lending partnerships, and digital wallets. The company was founded in 1851 and is headquartered in Denver, CO.

Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries.

Western Union Expands Real-Time Digital Payments To 100 Countries

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DENVER--(BUSINESS WIRE)--Western Union Bolsters its Global Digital Cross-Border Payments Leadership: Expands Real-time Payout into Billions of Bank Accounts to 100 Countries

Western Union Bolsters its Global Digital Cross-Border Payments Leadership

Western Union Co. has entered into a deal to buy up to 15 percent of Saudi Digital Payments Co., also called stc pay, for up to $200 million, the Denver-based buyer announced today. Saudi Digital Payments — stc — is a wholly owned subsidiary of Saudi Telecom Co. Western Union stated in today's release that […]

Western Union Buys 15 Pct Stake In Saudi Digital Payments Co

DENVER--(BUSINESS WIRE)--Western Union advances its digital growth strategy with investment in stc pay

Western Union Advances Its Digital Growth Strategy With Investment in stc pay

The Western Union Company (NYSE: WU) has acquired a 15% stake in a Saudi Arabian digital payment business, Reuters reported. What Happened: The $200 million stake is in a digital payment unit of Saudi Arabia's STC Group, a telecom.

Western Union Grabs 15% Stake In Saudi Digital Payments Business

Western Union, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million.

Western Union buys 15% stake in Saudi Telecom's digital payment unit

Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at delivering attractive risk-adjusted returns rather than following the ups and downs of equity markets hoping that they will outperform the broader market. Our research shows that certain hedge funds do have great stock picking skills (and we can identify these hedge funds in advance pretty accurately), so let's take a glance at the smart money sentiment towards The Western Union Company (NYSE:WU).

Were Hedge Funds Right About The Western Union Company (WU)?

Western Union Co , the world's largest money transfer firm, expects an improved outlook for 2021 as people adjust to the novel coronavirus and on expectations for additional U.S. government stimulus to help the economy, its chief financial officer said on Tuesday.

Western Union expects better 2021 after COVID-19 hit, says CFO

MoneyGram

The legacy remittance firms posted promising performances in Q3 2020 despite the coronavirus pandemic, thanks in part to their booming digital remittance businesses. 

Western Union and MoneyGram were lifted in Q3 thanks to their booming digital remittance businesses

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Western Union's Cash Flow Increases The Safety Of Its Dividend Yield

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report, released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity.

Western Union CFO: Pandemic Tailwinds Fuel Digital Remittances

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Western Union's (WU) Q3 earnings reflect gains from the company's productivity initiatives and additional cost savings, partially offset by revenue declines.

Western Union (WU) Q3 Earnings Beat Estimates, Decline Y/Y

The Western Union Company's (WU) CEO Hikmet Ersek on Q3 2020 Results - Earnings Call Transcript

Consumer behavior drove Western Union's positive third quarter earnings results, announced Thursday (Oct. 29), with cross-border principal up by 8 percent for the quarter. The financial institution (FI) recorded a strong performance in its foundational services, consumer-to-consumer transactions and remittances, with digitization of its services a key driver of growth.

Western Union's Remittances And Digitization Drive Positive Outlook For Q4

Western Union's (WU) Q3 earnings are likely to have been dragged down by ramped-down retail business, thanks to restricted consumer mobility due to COVID-19 pandemic.

What's in the Cards for Western Union (WU) in Q3 Earnings?

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020. This growth is not expected to slow down anytime soon, with eCommerce and its associated digital payments expected to hit $4.5 trillion in transaction value […]

Western Union Heads To The Cloud To Make B2B Payments Faster

In its ongoing efforts to beef up its international real-time payments network, Western Union has again expanded its payout options. The move was due in part to increased demand from businesses and individuals for such transfers and “for transparency, immediacy and reliability,” the company said in a release.

Western Union Expands Real-Time Payouts To Reach 80 Countries

DENVER--(BUSINESS WIRE)--Western Union Expands Real-Time Payout. Expands Bank, Wallet and Card Payout with Real-Time Capabilities advancing Global Digital Network.

Western Union Expands Real-Time Payout

Kroger

Western Union (WU) extends 35-year relationship with Kroger, which will benefit the latter's customers with expanded domestic and international payment services.

Western Union's Digital Services to Aid Kroger's Customers

DENVER & CINCINNATI--(BUSINESS WIRE)-- #BloombergGEI--The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced that it has extended its 35-year relationship with The Kroger Co. (NYSE: KR), America’s largest grocery retailer. The new non-exclusive agreement will enable Kroger customers to continue using Western Union’s market leading digital and retail services. Through Western Union, consumers can send money digitally, or stage a transaction vi

Western Union and Kroger Extend 35-Year Relationship, Offer Global Digital and Retail Money Transfers

DENVER--(BUSINESS WIRE)--Western Union to Release Third Quarter Results on October 29, 2020

Western Union to Release Third Quarter Results on October 29, 2020

Despite the decline of the global remittance market this year, Western Union will be able to continue to create shareholder value for years to come.

Western Union: Bargain At This Price

Western Union (WU) forms alliance with BFSFCU to offer the latter's members with international payment services.

News for Western Union Stock (WU)