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 completed the acquisition of eurochange, a leading UK travel money retailer, from Corsair. The transaction, finalized on April 7, 2025, follows Corsair's October 2022 sale of NoteMachine's UK ATM and Testlink divisions to the Brink's Company.
Under Corsair's ownership, eurochange expanded from 96 to over 230 locations, developing partnerships with major UK retailers and financial institutions including Morrisons and NatWest. The acquisition aligns with Western Union's strategy to enhance its retail distribution model and expand its owned locations network in high-volume areas across key global markets.
The deal strengthens Western Union's consumer services segment, which experienced double-digit revenue growth in 2024. As eurochange was already a Western Union agent, the acquisition brings a long-term partner into the Western Union family while expanding available products and services. Canaccord Genuity served as the sole financial adviser for the transaction.
Western Union (WU) has announced zero-fee international money transfers to Myanmar in response to a recent devastating earthquake. The fee waiver is effective immediately until midnight Myanmar Standard Time on April 10, 2025.
Customers worldwide can send money through WesternUnion.com or the Western Union mobile app. Recipients in Myanmar can receive funds through multiple channels including:
- Bank account deposits
- Select mobile wallets
- Cash pickup at Agent locations
Western Union (WU) and HCLTech have announced a strategic partnership aimed at transforming WU's financial services through AI-powered solutions. The collaboration establishes HCLTech as WU's largest preferred partner, focusing on four key areas:
1. Transitioning to a platform operating model using HCLTech's FENIXAI and AI Force solutions
2. Accelerating platform and channel transformation through digital, cloud, and AI solutions
3. Leveraging digital engineering expertise for technology landscape reimagination
4. Establishing a new technology center in Hyderabad, India
The partnership aims to enhance WU's global technology capabilities, implement full stack observability and automation, and create new opportunities for innovation and talent development.
Western Union and urpay have launched international money transfer services in Saudi Arabia, enabling urpay wallet customers to send money globally through Western Union's network. urpay, Saudi Arabia's leading digital wallet with over 6.5 million users, will now allow customers to transfer money to bank accounts, mobile wallets, or for cash collection at Western Union Agent locations.
The collaboration aims to support Saudi Vision 2030 by promoting financial inclusion and digital economy initiatives. Saudi Arabia represents one of the world's largest outbound remittance markets, with consumers sending over $38 billion in 2023 according to the World Bank. The partnership enhances Western Union's presence in Saudi Arabia, where it has operated since 2000, while expanding urpay's service offerings beyond its current suite of 50+ services.
Western Union (NYSE: WU) has announced its participation in the upcoming Wolfe Fintech Forum. The company's presentation is scheduled for Tuesday, March 11th at 8:00 a.m. Eastern Time, featuring Chief Financial Officer Matt Cagwin.
Investors and interested parties can access the presentation through a webcast available on westernunion.com in the investor relations section. An archived version of the webcast will be made available shortly after the presentation concludes.
Western Union (NYSE: WU) and Penny Pinch have launched international money transfer services in the Eastern Caribbean through the Penny Pinch digital wallet app. The collaboration enables customers to send and receive money globally across Western Union's network spanning over 200 countries and territories.
The co-branded service allows Penny Pinch users to receive funds directly into their digital wallets and send money to bank accounts, mobile wallets, and cash pickup locations worldwide. This partnership expands Western Union's existing physical presence in St. Lucia and aligns with its digital transformation strategy focusing on product innovation and FinTech partnerships.
Penny Pinch, the Eastern Caribbean's leading digital wallet provider, offers additional features including cashback, retail rewards, exclusive coupons, and cashless payments. Users can access the service by downloading the app and completing identity verification.
Western Union (WU) reported Q4 2024 revenue of $1.1 billion, up 1% on both reported and adjusted basis (excluding Iraq). Full-year 2024 revenue was $4.2 billion, down 3% on reported basis but up 0.5% adjusted.
Q4 highlights include Branded Digital revenue growth of 7% (8% adjusted) and Consumer Services revenue growth of 56% (23% adjusted). Q4 GAAP EPS was $1.13, including a $0.75 tax benefit, while adjusted EPS increased to $0.40 from $0.37.
The company declared a Q1 2025 dividend of $0.235 per share. For 2025, Western Union projects revenue between $4.09-$4.19 billion, operating margin of 18-20%, and GAAP EPS of $1.54-$1.64.
Western Union (NYSE: WU) has announced it will release its fourth quarter and full year 2024 financial results on February 4, 2025. The company will host a webcast and conference call at 4:30 p.m. ET on the same day, led by CEO Devin McGranahan and CFO Matt Cagwin.
The webcast and presentation materials will be accessible through the company's investor relations website. A replay will be available after the event. Participants can join via the webcast or by telephone, with specific dial-in numbers provided for both U.S. and international participants. Attendees are advised to join fifteen minutes before the scheduled start time.
Western Union (NYSE: WU) has announced two significant shareholder-focused initiatives. The company's Board of Directors has approved a new $1 billion share repurchase program and declared a quarterly cash dividend of $0.235 per common share. The dividend will be paid on December 31, 2024, to stockholders of record as of December 23, 2024.
The share repurchase program will be executed through various methods including open-market transactions, private negotiations, tender offers, and Rule 10b5-1 plans. The timing and amount of repurchases will be determined by market conditions, share price, and other factors. The program has no set expiration date and can be modified or suspended at any time.
Western Union (WU) has opened eight owned locations in Mexico, becoming the first international money transfer operator to launch branded stores in the country. The stores, strategically positioned in prime locations, offer specialized customer service and enhanced money transfer capabilities, including transfers up to USD 10,000 with 12 different types of valid identification documents accepted.
The launch coincides with the Christmas holiday season, when transactions typically increase by 10%. Mexico ranks among the world's top remittance-receiving countries, with inflows exceeding $66 billion in 2023, representing approximately 4% of the country's GDP. This initiative aligns with Western Union's 'Evolve 2025' strategy to leverage its retail business while complementing its existing agent network across Mexico.
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