Welcome to our dedicated page for Western Union news (Ticker: WU), a resource for investors and traders seeking the latest updates and insights on Western Union stock.
The Western Union Company (NYSE: WU) generates frequent news across financial services, technology, and corporate strategy topics. As a global participant in cross-border and multi-currency money movement, payments, and digital financial services, Western Union’s announcements often cover developments that affect consumers, businesses, financial institutions, and governments in more than 200 countries and territories.
News related to Western Union commonly includes earnings releases and outlook updates, where the company reports segment performance in areas such as Consumer Services, Branded Digital, and Consumer Money Transfer. These updates highlight trends in revenue, transaction growth, operating margins, and the company’s financial expectations for upcoming periods.
Western Union also issues news on strategic initiatives and partnerships. Recent examples include its “Beyond” strategy, which outlines a digital-first vision and expansion into digital assets, and alliances such as the partnership with Deutsche Post to offer cross-border money transfer services in Germany and the collaboration with dLocal to integrate local and alternative payment methods on Western Union’s digital platforms in Latin America.
Technology and product-related announcements feature prominently, including plans to launch the USDPT stablecoin on Solana and the creation of a Digital Asset Network to bridge digital and fiat currencies. Regional news, such as the introduction of WhatsApp Business as a transactional channel in Peru, showcases how Western Union adapts its services to local customer preferences.
Investors and observers can also find coverage of capital allocation and corporate events, including quarterly dividend declarations, Investor Day webcasts, and updates on the planned acquisition of International Money Express, Inc. Together, these news items provide insight into Western Union’s operational performance, strategic direction, and evolving role in global payments and digital finance.
Western Union has announced the waiving of all transfer fees for international money transfers into Tonga until February 28, 2022, in response to the recent volcanic eruption and tsunami. This offer applies to transactions via Westernunion.com, the Western Union app, and its retail Agent network across over 200 countries. Additionally, the Western Union Foundation has pledged up to USD100,000 for humanitarian relief, with employee and agent donations eligible for matching contributions.
The Western Union Company (NYSE: WU) announced a quarterly cash dividend of $0.235 per share, payable on December 31, 2021. Stockholders of record will be those registered by the close of business on December 17, 2021. Western Union is a leader in cross-border, cross-currency money movement, connecting businesses and consumers globally. With a vast network spanning over 200 countries and territories, it facilitates access to billions of bank accounts and millions of digital wallets.
The Western Union Company (NYSE: WU) has announced the retirement of CEO Hikmet Ersek, effective December 31, 2021, after 21 years with the company. Devin B. McGranahan, previously of Fiserv, Inc., will succeed Ersek as CEO and has also been appointed to the Board of Directors. McGranahan aims to accelerate growth, expand payment offerings, and leverage Western Union's robust financial strength and unique cross-border platform. Ersek will assist in the transition as a special advisor until mid-2022.
The Western Union Company (NYSE: WU) has expanded its strategic partnership with Mastercard, enhancing their digital collaboration in cross-border payments. The integration of Mastercard Send into Western Union's network allows U.S. domestic recipients to load funds onto debit cards instantly. Additionally, 16 European markets can now send money transfers directly to Mastercard debit cards, improving transaction speeds. This partnership aims to position Western Union as a leading global financial network.
The Western Union Company (NYSE: WU) announced its participation at the Citi FinTech Conference on November 15, 2021, at 3:45 p.m. Eastern time. CFO Raj Agrawal will present important insights during the event. Investors can access the presentation via a webcast, which will be archived for later viewing. Western Union is a leader in cross-border payments, facilitating transactions in over 200 countries and 130 currencies, connecting businesses and consumers globally.
Western Union has partnered with Metrobank to facilitate direct bank account payouts for inbound money transfers in
Western Union Company (NYSE: WU) reported third quarter 2021 revenues of $1.3 billion, a 2% increase year-over-year. GAAP EPS rose to $0.57, up from $0.55 in Q3 2020, with adjusted EPS at $0.63. The growth was driven by digital money transfer revenues, which surged 15%. Despite strong cash flow of over $680 million year-to-date, the company updated its 2021 outlook, slightly lowering GAAP EPS to between $1.80 - $1.85. CEO Hikmet Ersek highlighted a new digital banking pilot and the launch of WU Shop as part of their ecosystem strategy.
Western Union has launched WU Shop in Germany and Austria, with a U.S. rollout expected in Q4. This shopping platform allows consumers to shop from over 12,000 merchants globally and send gifts internationally. Customers benefit from exclusive offers and cash back on purchases. Additionally, a digital banking pilot is set to launch in Germany and Romania, offering a multi-currency account and debit card. This expansion aims to deepen customer relationships and strengthen Western Union's position in the growing digital banking market.
Western Union (NYSE: WU) announced a conference call scheduled for November 2, 2021 at 4:30 p.m. ET to discuss the third-quarter results for 2021. A press release highlighting these financial results will be available at approximately 4:00 p.m. ET on the same day. Participants can access the conference via telephone by dialing +1 (888) 317-6003 in the U.S. or +1 (412) 317-6061 internationally. Registration is required for the webcast, which will also be available for replay on their investor relations website.
Western Union International Bank has joined the Single Euro Payments Area Instant Credit Transfer (SCT Inst) scheme, enhancing its real-time payment capabilities in Europe. This involvement allows Western Union to provide consumers with real-time money transfer options across 24 countries, ensuring faster and more reliable transactions available 24/7. Over 60% of Western Union's global account payout transactions are now delivered in real-time, demonstrating its commitment to expanding financial service offerings in Europe. This milestone highlights Western Union's role as a key player in the European financial services market.
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