Western Union

Western Union provides an online money transfer and payment services for consumer and businesses. Read more

Hikmet Ersek's photo - President & CEO of Western Union

President & CEO

Hikmet Ersek

CEO Approval Rating

71/100

Founded:

1851

Status:

PublicIndependent CompanyNYSEWU

WESTERN UNION TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

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EMPLOYEES

FUNDING

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MoneyGram is one of Western Union's top rivals. MoneyGram is a Public company that was founded in 1940 in Dallas, Texas. MoneyGram competes in the Banks industry. Compared to Western Union, MoneyGram has 9,731 fewer employees.

PayPal is seen as one of Western Union's biggest rivals. PayPal was founded in 1998 in San Jose, California. PayPal is in the Application Software industry. PayPal generates $18B more revenue than Western Union.

Ria Money Transfer is one of Western Union's top competitors. Ria Money Transfer was founded in 1987, and its headquarters is in Buena Park, California. Like Western Union, Ria Money Transfer also competes in the Transaction Services sector. Ria Money Transfer has 11,896 fewer employees than Western Union.

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Is Wise Ltd a competitor of Western Union?

Western Union Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$4.8B

Western Union's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 1.5B. Over the last four quarters, Western Union's revenue has grown by 8.9%. Specifically, in Q1 2021's revenue was $1.2B; in Q4 2020, it was $1.3B; in Q3 2020, it was $1.3B; in Q2 2020, Western Union's revenue was $1.1B.

Western Union Acquisitions

No recent acquisitions found related to Western Union

Western Union Funding History

Since Western Union was founded in 1851, it has participated in 1 round of funding. In total Western Union has raised $422.4M. Western Union's funding round was on Oct 2006 for a total of $422.4M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Oct 2006
$422.4M
-

Since Western Union was founded in 1851, it has participated in 1 round of funding. In total Western Union has raised $422.4M. Western Union's funding round was on Oct 2006 for a total of $422.4M

Western Union Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

STC Pay is a financial technology company that provides credit card and online payment processing solutions for merchants.
$200M
Nov 20, 2020
Corporate Round
-
Walletron develops and operates an online mobile wallet integration platform that automates the life cycle of distributed wallet items.
-
Dec 05, 2016
Equity
-
Digital Currency builds, incubates and seeds bitcoin and blockchain technology-related companies.
-
Apr 28, 2016
Venture Round
-

Western Union News

May 18, 2021Markets Insider

Western Union to Present at the J.P. Morgan Global Technology, Media and Communications Conference

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement ... See more »
May 18, 2021The Paypers

Western Union and IRIS Software Group partner up

UK-based IRIS Software Group and Western Union Business Solutions have partnered to offer simplified ... See more »
May 11, 2021News Break

Google Pay launches international transfers - News Break

Google Pay announced Tuesday that it is partnering with remittance companies Wise and Western Union t... See more »
May 10, 2021The Paypers

Western Union, Japan-based Ritsumeikan University partner to simplify tuition fee payments

Western Union has announced a collaboration between Western Union Business Solutions and Ritsumeikan ... See more »
May 5, 2021PYMNTS

Western Union Shows C2C X-Border Transfer Revenues Up 6 Pct

Western Union (WU) reported first-quarter earnings results that showed a rebound in cross-border acti... See more »
May 5, 2021The Business Journals: Denver

Western Union is on track to reach $1B in digital payments revenue in 2021

The Denver-based global payments company's digital revenues grew 45% year over year, according to its... See more »

Western Union Blogs

December 9, 2020Western Union Blog

Sending and Receiving Money in Nigeria

The post Sending and Receiving Money in Nigeria appeared first on Blog | Western Union.... See more »
December 8, 2020Western Union Blog

Western Union Foundation awards scholarships to international students

The post Western Union Foundation awards scholarships to international students appeared first on Blo... See more »
November 17, 2020Western Union Blog

Global Holiday Spending Facts, Stats, and More

As a remarkable year wanes, the world looks to celebrate in a variety of ways. From feasting and fine... See more »
November 11, 2020Western Union Blog

My experience as an intern at Western Union

When I found out I was going to be a #WUIntern, I was over the moon! I was excited about... The post ... See more »
November 9, 2020Western Union Blog

Protect yourself from online shopping scams this holiday season

Online shopping offers many advantages, including no lines, easy comparison shopping and competitive ... See more »
November 9, 2020Western Union Blog

Deep Dive: How Merchants’ Payments Approaches Must Change To Meet Customers’ Needs

The pandemic is shedding light on how merchants’ existing payment systems are falling short of consum... See more »
November 9, 2020Western Union Blog

The Cashless Controversy: How Fintechs Can Be Both Innovative and Inclusive

Payments Journal examines how fintech companies can be both “innovative and inclusive” in... See more »

Western Union Press Releases

June 10, 2021Business Wire

Western Union acelera movimento de dinheiro digital para redes postais em todo o mundo

DENVER e SYDNEY--(BUSINESS WIRE)--A Western Union (NYSE: WU), líder global em pagamentos e movimentaç... See more »
May 19, 2021Business Wire

Western Union Services Now Live in Nearly 4,700 Walmart Stores

DENVER & BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart and Western Union announced customers can now tr... See more »
May 10, 2021Korea Newswire

Western Union Expands in South Korea with Korea Investment & Securities

Western Union, a global leader in cross-border, cross-currency money movement and payments, and Korea... See more »
March 9, 2021GlobalNewswire

Triterras Announces Strategic Partnership with Western Union Business Solutions

SINGAPORE, March 09, 2021 (GLOBE NEWSWIRE) -- Triterras Inc. (Nasdaq: TRIT, TRITW) ("Triterras" or th... See more »
February 1, 2021Korea Newswire

Walmart and Western Union Enter Agreement to Offer Western Union Money Transfers at Walmart

Walmart (NYSE:WMT), the world's largest retailer, and Western Union (NYSE: WU), a global leader in cr... See more »
January 20, 2021Business Wire

Western Union Expands in South Korea with NH Investment & Securities

SEOUL, South Korea--(BUSINESS WIRE)--Western Union, a global leader in cross-border, cross-currency m... See more »
November 24, 2020Business Wire

Western Union to Present at the Wells Fargo TMT Summit on December 1

DENVER--(BUSINESS WIRE)--Western Union to Present at the Wells Fargo TMT Summit on December 1... See more »

Western Union Videos

Social Media

Western Union Headquarters

7001 E. Belleview,

Denver, Colorado802 37

1-720-332-1000

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Western Union Summary

ABOUT

Overview

Western Union (NYSE, WU) provides an online money transfer and payment service for consumers and businesses. Founded in 1851, the company has its headquarters in Englewood, Colorado. The company dominated the telegraph industry in the late 19th centur...

CEO

Western Union's President & CEO, Hikmet Ersek, currently has an approval rating of 71%. Western Union's primary competitors are MoneyGram, PayPal & Ria Money Transfer.

Frequently Asked Questions about Western Union

  1. When was Western Union founded?

    Western Union was founded in 1851
  2. Who is Western Union's CEO?

    Western Union's CEO is Hikmet Ersek
  3. How much revenue does Western Union generate?

    Western Union generates $4.8B in revenue
  4. How much funding does Western Union have?

    Western Union has historically raised $422.4M in funding
  5. Where is Western Union's headquarters?

    Western Union's headquarters is in Denver Colorado, USA
  1. How many employees does Western Union have?

    Western Union has 12,000 employees
  2. What sector does Western Union operate in?

    Western Union is in Transaction Services
  3. Who are Western Union's competitors?

    Western Union's top competitors are MoneyGram, PayPal, Ria Money Transfer
  4. Who has Western Union invested in?

    Western Union's has invested in companies such as STC Pay, Walletron, DCG