corporate fact sheet
For more than 150 years, consumers have trusted Western Union (NYSE:WU) to connect with friends and loved ones across the globe. This rich heritage has provided a strong foundation for building one of the largest money transfer networks in the world.
With Western Union, consumers and businesses can quickly, reliably and conveniently transfer funds, send bill payments, purchase money orders, or pre-pay for phone, Internet or credit card services using the company’s proprietary money transfer network. Western Union, along with its associated Orlandi Valuta and Vigo brands, has more than 400,000 Agent locations in 200 countries and territories.
key facts
In 2008, The Western Union Company reported:
- Total revenue of $5.3 billion
- $67 billion of cross-border remitted principal, 17% more than last year
- Full-year revenue growth of 9% (7% euro adjusted) and transactions growth of 12%
- Since 2001, the Western Union Foundation, in collaboration with our Agents and employees, has granted over $45 million to nonprofit organizations worldwide in more than 70 countries and territories to support humanitarian projects, provide disaster relief and to fund education, health and human services programs.
core business
money transfer
- Person-to-person money transfer is Western Union’s most widely used service. People trust Western Union to provide quick transfer of funds to family and friends around the globe.
- Consumers in the U.S. and certain other countries can send funds at Agent locations, by phone via 1-800-CALL-CASH® or online at westernunion.com.
- Consumers in select locations can send funds directly to a bank account via the Direct to Bank (economy) service.
- Western Union is working with mobile phone operators in select countries to introduce money transfers that consumers can send and receive with a cell phone.
bill payment
- Consumers in the U.S. and select locations in Canada, Argentina and other countries can send their mortgage, auto loan, credit card, utility and phone payments how they want, when they want.
- Western Union provides behind-the-scenes payment tools that enable business clients to accept bill payments directly electronically, online or over the phone.
prepaid services
Western Union offers a variety of prepaid services at participating Agent locations for consumers who prefer pay-as-you-go services, such as wireless or home phone service, Internet access or debit card services.
