WU Stock Recent News

Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution's partnership with Western Union now enables Mexican families to receive up to 50,000 Mexican pesos (about $3,000) per remittance, the organizations said in a Wednesday (June 28) press release.

Western Union's shares have the potential for steady price appreciation in the long run due to improving fundamentals. The company's new business strategy, Evolve 2025, is showing positive results in stabilizing its retail business and accelerating growth in its digital business. Despite risks such as increasing competition and a potential recession, Western Union's stock price drop represents an attractive buying opportunity with limited downside risk.

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Western Union (WU) and the Department of Migrant Workers of the Philippines are set to work together to improve workers' awareness of financial services.

Fintech group Zepz, which owns money transfer brands WorldRemit and Sendwave, is laying off 420 employees, the company told CNBC exclusively.

DENVER--(BUSINESS WIRE)-- #crossborderpayments--Western Union CEO, Devin McGranahan, to provide comments at JP Morgan Global Technology, Media and Communications Conference.

Western Union's (WU) Q1 results reflect strong digital and Middle East business and lower acquisition costs. The suspension of operations in Russia and Belarus partially offset the negatives.

Western Union's revenue and profits declined in the first quarter, but still beat analysts' estimates. The company is in the middle of a transition as it sells off its business solutions unit.

The Western Union Company Q1 2023 Earnings Call Transcript May 2, 2023 4:30 PM ET Company Participants Tom Hadley - Investor Relations Devin McGranahan - President, Chief Executive Officer and Director Matt Cagwin - Chief Financial Officer Conference Call Participants Rayna Kumar - UBS Darrin Peller - Wolfe Research Ken Suchoski - Autonomous Tien Huang - JPMorgan Will Nance - Goldman Sachs Ramsey Assal - Barclays Vasu Govil - KBW Bryan Keane - Deutsche Bank Andrew Schmidt - Citi Jeff Goldstein - Morgan Stanley Tyler DuPont - Bank of America Operator Good day. And welcome to the Western Union First Quarter 2023 Results Conference Call.

Western Union is seeing growth in the number of digital transactions. During the quarter ended March 31, the firm recorded 7% growth in the number of digital transactions, the company said in a Tuesday (May 2) press release.