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.

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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's (WU) research reveals that 44% of Australian consumers would like to have the Send Now, Pay Later option for remittance purposes.

Western Union (WU) & Beforepay Team Up for SNPL in Australia

Western Union and Beforepay have combined lending and remittances in a “send now, pay later” service. This new offering brings together Western Union's cross-border, cross-currency money movement service and Beforepay's wage-advance product so that consumers in Australia can boost their remittances, the companies said in a Friday (Feb. 24) press release.

Western Union and Beforepay Combine Lending and Remittances in Australia

SYDNEY--(BUSINESS WIRE)--Western Union and Beforepay today announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending. Consumers can ‘Send Now, Pay Later' by borrowing up to AUD 2000 through Beforepay's wage-advance product on Western Union's digital channels.

Western Union and Beforepay Offer ‘Send Now, Pay Later' Service to Consumers for International Money Transfers

Western Union has decided to continue its 12-year-old partnership with Regions Bank. The two companies announced a five-year extension to their agreement Wednesday (Feb. 22), allowing consumers to use Western Union's money transfer and bill pay services to send or receive funds at any of Region's locations.

Western Union and Regions Bank Extend Money Transfer Partnership

Regions Financial

DENVER & BIRMINGHAM, Ala.--(BUSINESS WIRE)--Western Union (NYSE: WU) and Regions Bank (NYSE: RF) announced a five-year extension to their original 2011 agreement allowing consumers to use Western Union® global money transfer and expedited bill pay services to send or receive money at any of Regions Bank's more than 1,250 U.S. locations.

Western Union and Regions Bank Renew Agreement for Global Money Transfer and Payment Services

Latin America's revenues and transaction volume increased 13% YoY and 8% YoY, respectively, despite the firm's total 6% YoY revenue decline.

Western Union's revenue struggles would have been worse without LATAM bright spot

Western Union (WU) expects adjusted revenues to decline 2-4% in 2023 from the 2022 level.

Western Union (WU) Q4 Earnings Miss Estimates Despite Low Costs

Digital platforms are continuing to revolutionize the remittances market, and Western Union is taking notice. The 172-year-old financial services company told investors during its fourth quarter earnings call Tuesday (Feb.

Western Union CEO Sees Digital Driving Global Remittance Growth

The Western Union Company (NYSE:WU ) Q4 2022 Results Conference Call February 7, 2023 4:30 PM ET Company Participants Brad Windbigler - IR Devin McGranahan - CEO Matthew Cagwin - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research David Togut - Evercore Ramsey El-Assal - Barclays Rayna Kumar - UBS Chris Zhong - Credit Suisse Will Nance - Goldman Sachs Ken Suchoski - Autonomous James Faucette - Morgan Stanley Operator Good day, and welcome to the Western Union Fourth Quarter and Full Year 2022 Results Conference Call. All participants will be in a listen-only mode.

The Western Union Company (WU) Q4 2022 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--The Western Union Company (the “Company”) (NYSE: WU) today reported fourth quarter and full year 2022 results. The Company's fourth quarter revenue of $1.1 billion declined 15% on a reported basis, or 6% on a constant currency basis excluding the contribution from Business Solutions, compared to the prior year period. The suspension of operations in Russia and Belarus negatively impacted revenue by approximately three percentage points.

Western Union Reports Fourth Quarter and Full Year 2022 Results

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Western Union has appointed interim Chief Financial Officer Matt Cagwin as CFO. Cagwin had served as the cross-border money transfer firm's interim CFO since September and was named CFO effective Jan. 20, Western Union said in a Wednesday (Jan. 25) press release.

Western Union Appoints Matt Cagwin CFO at ‘Pivotal Inflection Point'

DENVER--( BUSINESS WIRE )--The Western Union Company (NYSE: WU) today announces the appointment of Matthew (Matt) Cagwin as Chief Financial Officer (CFO), effective January 20, 2023. Cagwin had served as the Company's interim CFO since September 2022.

Western Union Appoints Matthew Cagwin as Chief Financial Officer

DENVER--( BUSINESS WIRE )--The Western Union Company (“the Company”) (NYSE: WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss fourth quarter and full year 2022 results on February 7, 2023, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day.

Western Union to Release Fourth Quarter and Full Year 2022 Results on February 7, 2023

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The resumption of Western Union's (WU) remittance services to Cuba will likely reduce dependency on informal money-changing services.

Western Union (WU) Restarts Limited Remittances to Cuba

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Western Union is the world's largest money transfer company and has room to deliver substantial growth in the near future. The company trades at a significant discount to its earning power value with a possible 56% margin of safety.

Western Union: Robust Business With Potential 56% Margin Of Safety

Western Union's (WU) strategic alliances and partnerships are likely to boost the utilization of its digital platform.

Here's Why You Should Retain Western Union (WU) Stock Now

Walmart

Walmart Canada has integrated Western Union's platform into Walmart.ca to offer customers money transfers. In addition, the two companies have extended their relationship, letting customers use Western Union money transfer services in Walmart stores for 5% less than the nationally published consumer fee rate, Walmart said in a Tuesday (Dec. 20) news release.

Walmart Canada Taps Western Union For Money Transfers

RIYADH, Saudi Arabia--( BUSINESS WIRE )--Consumers in Saudi Arabia predominantly view digital money transfers as the preferred way to send money now and in the future, according to research commissioned by Western Union. Yet many still want the power to choose between online and retail (in-person) experiences - depending on their convenience and needs. Exclusive insights show that today almost 60% of consumers who send money abroad prefer digital money-transfer services, compared to 22% who want choice, and 17% who send cash through retail channels only.

Study: Almost 60% of Saudi Arabia Consumers Choose Only Digital Money-Transfer Platforms, but Choice Still Matters

DUBAI, United Arab Emirates--( BUSINESS WIRE )--Citizens and residents of the United Arab Emirates (the UAE) expect to transfer more money internationally in the next 12 months, according to a study commissioned by Western Union. Exclusive insights show that 76% of consumers who send money and 75% of consumers who receive money, respectively, expect to transfer and collect even more funds over the next year.

Study: 76% of UAE's Consumers Expect to Send More Money Internationally in the Coming Year

Western Union's revenues seem to be in secular decline. The revenue decline is a symptom of the intensifying competition in the payments market.

Western Union Could Repay Shareholders Over The Long Haul

Western Union (WU) reported earnings 30 days ago. What's next for the stock?

Western Union (WU) Up 12.4% Since Last Earnings Report: Can It Continue?

MANILA, Philippines--( BUSINESS WIRE )--Tech-savvy Filipinos seek choice above all for their future international money transfer needs, according to the results of a study commissioned by Western Union. Exclusive insights show that while 44% of consumers currently prefer to receive money transfers through digital platforms, almost 70% want to be able to choose how they collect their funds in the future – be it in cash or digitally.

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