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Western Union and Katapulk have partnered to offer money transfer services to Cuba from the United States through the Katapulk Marketplace website and mobile app. This expands Western Union's existing service channels, which include its website, mobile app, and retail locations across the US. Users can send up to $2,000 per transaction, with funds available the same day, including weekends and holidays. The service allows real-time tracking of transactions to accounts at Banco Popular de Ahorro, Banco Metropolitano S.A., and Banco de Credito y Comercio. The partnership aims to enhance financial inclusion and offers a first-class customer experience through digital and physical means.
The Western Union Foundation's 2023 Impact Report reveals that it facilitated over $150 million in wage gains, created nearly 4,000 new jobs, and improved economic opportunities for over 11,000 individuals. This marks the first year of their three-year 'Prosperity Beyond Borders' initiative aimed at achieving $500 million in cumulative wage gains. Key stories include Arian, a cancer research student, Catherine, a fellow empowering refugee women, and Enrique, an aspiring developer. The Foundation’s efforts are supported by Western Union's employees and partners, who donated to over 800 organizations and volunteered more than 15,700 hours in 2023.
Western Union (NYSE: WU) announced it will present at the BofA Securities 2024 Global Technology Conference on June 4. The event will feature comments from CFO Matt Cagwin and start at 2:40 p.m. PDT. Interested parties can listen to the presentation via a webcast on Western Union's investor relations website. An archived version will be accessible after the event concludes.
Western Union has teamed up with GraceKennedy’s GKOne mobile wallet app and Lynk mobile wallet to expand its remittance services in Jamaica. This collaboration enables Jamaican customers to receive international money transfers digitally, offering them instant, 24/7 access to funds. The integration with the two largest mobile wallets in Jamaica complements Western Union's existing 200+ retail locations and direct-to-bank account services. This initiative aims to enhance consumer access to digital financial services, supporting Jamaica's economy by providing essential financial support through remittances.
The Western Union Company (NYSE: WU) has announced a quarterly cash dividend of $0.235 per common share, approved by its board of directors. The dividend is scheduled for payment on June 28, 2024, to shareholders recorded by the close of business on June 14, 2024.
Western Union (NYSE: WU) announced that it will present at the Bernstein Strategic Decisions Conference on May 29, 2024, at 4:30 p.m. Eastern Time. The presentation will feature comments from CEO Devin McGranahan. Investors can access the live webcast on the Western Union website under the investor relations section, with an archived version available shortly after the event.
Western Union, in partnership with Orbit S.A., has resumed its money transfer service from the United States to Cuba, allowing customers to send funds to close family members in Cuba through various channels. The service has a maximum transaction limit and is available for bank accounts and debit cards only. The company aims to facilitate essential money transfer services between the U.S. and Cuba.
OXXO and Western Union have announced a strengthening of their cross-border remittance services in Mexico, offering services in more than 21,000 OXXO stores nationwide. This collaboration aims to simplify customers' lives, with easy and secure cash withdrawals of up to 4,000 pesos. The partnership focuses on enhancing customer experience and expanding financial services offerings, demonstrating almost eight years of successful collaboration between the two companies. OXXO and Western Union seek to support financial inclusion and provide quality remittance services, aligning with the Mexican economy's reliance on international remittances.
Western Union and Adonis supermarkets have formed a strategic alliance to enhance cross-border money transfer services in Canada. The partnership will benefit consumers in Montreal by offering Western Union services at two Adonis locations. This collaboration aims to provide quality food and a seamless customer experience, reflecting both companies' commitment to customer satisfaction. The alliance is a part of Western Union's ongoing efforts to expand its service offerings across Canada, ensuring customers have various options for fast, convenient money transfers.
Western Union (WU) will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024. The presentation features CEO Devin McGranahan at 8:10 a.m. Eastern Time. Investors can access the webcast on www.westernunion.com and the archived version post-event.
