Western Union CEO Hikmet Ersek Recognized as Top 10 Executive Transforming Fintech Industry

Press Release By Western Union Published OnJuly 14, 2015

ENGLEWOOD, Colo.–(BUSINESS WIRE)– Western Union President and CEO, Hikmet Ersek, today, was recognized by Business Insider Malaysia, as one of the top ten executives who are transforming the fintech industry.

The list, which identifies executives who are shaping the way money is sent, ranked Hikmet Ersek second. Speaking to Ersek’s global leadership and business contributions to the company and industry, the Business Insider list is quoted saying:

“As the President and CEO of Western Union since 2010, Hikmet Ersek is one of the most powerful people in remittances. He’s a Fortune 500-ranked global leader, which means his decisions have a big influence on cross-border money transfer services. That’s why he’s frequently featured in the media speaking on economic and social topics like globalization, migration, transformation and digital payments, and why he’s a recurring speaker at the World Economic Forum and the Clinton Global Initiative. At Davos this year, he identified mobility, growth, opportunity, and education as the key themes the industry needs to address this year.

Ersek has both grown and diversified WU, adding more than 500,000 agent locations, expanding into electronic and mobile channels, adding business payments, and broadening financial services.”

In 2014, The Western Union Company (NYSE: WU) completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments.

The Business Insider recognition is the outgrowth of Western Union’s global transformational strategy and plans for innovation. In response to the recognition, Western Union President and CEO, Hikmet Ersek, said:

“In a global marketplace, where convenience and trust mean everything to consumers and businesses, Western Union continues to build upon its strengths – connecting the digital and physical worlds – through an extensive network of more than 500,000 agent locations in 200 countries and territories, 100,000 ATMs and kiosks, digital, WesternUnion.com and SME payment platforms.

“These attributes, along with our compliance and regulatory capabilities allow Western Union to operate in a complex, multi-jurisdictional environment.

“It is an honor to be included in the Business Insider list,” concluded Ersek.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of March 31, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.

About Business Insider Malaysia

Business Insider Malaysia is the Malaysian edition of the world’s fastest-growing business and technology news website. Targeted at aspiring professionals and inspirational business leaders, Business Insider Malaysia features the latest technology, money and markets news, along with ideas to inspire executives and high-end lifestyle features. It is operated by REVAsia, the exclusive licensee for Business Insider in Malaysia, Singapore and Indonesia.

Headquartered in Kuala Lumpur, and formed in October 2013, REVAsia is Malaysia’s leading digital media group, owning and operating top authority brands with an extensive distribution platform that is able to reach a total reach of approximately 14 million people each month.

Among REVAsia brands are JUICE, Hanger, The Guide, Stuff, Electronic Lifestyle, Clive, Total Film, Fairways, Mint, Prestige, Prestige Top 40 Under 40, Adore, IDEAS, Idaman, HomePride, Kitchen+Bathroom and Starlight Cinema. REVAsia is also owner of crowd-sourced content broadcasting platform, SAYS.com, Klips and 8Share.


Source: Western Union

Western Union Media Contact:

Dan Díaz, 1 720-332-5564