WU Stock - Western Union Co

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WU Profile

The Western Union Company operates as a global leader in money movement and payment services, serving a diverse clientele across the globe. Organized into two key segments, the company offers extensive solutions through its Consumer-to-Consumer and Business Solutions divisions. The Consumer-to-Consumer segment specializes in facilitating money transfers between individuals worldwide, leveraging a robust network of third-party agents and sub-agents. This segment facilitates both international cross-border transfers and intra-country transactions, providing convenient money transfer options through online platforms and mobile applications.

The Business Solutions segment caters primarily to small and medium-sized enterprises (SMEs), organizations, and individuals seeking efficient payment and foreign exchange solutions. It focuses on facilitating cross-border transactions and managing cross-currency payments, while also offering foreign currency forward and option contracts to mitigate currency risks. Additionally, this segment provides bill payment services that enable consumers to make payments to businesses and organizations, complemented by a suite of ancillary services including money orders.

Founded in 1851 and headquartered in Denver, Colorado, The Western Union Company has established a rich heritage in facilitating global financial transactions. The company's comprehensive range of services and its extensive network empower individuals and businesses alike to conduct secure and timely money transfers across borders. Western Union continues to innovate and adapt to the evolving needs of its global customer base, reinforcing its position as a trusted partner in the realm of global payments and financial services.

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