Provider Insights

Geographical Focus:

Western Union offers money movement and payment services internationally, with the ability to send money to over 200 countries and territories around the globe. It operates a robust network of over 500,000 agent locations and supports transactions via its digital platform, which is said to process an average of 24 transactions per second. The company has been involved in a significant remission process, where it is compensating victims of fraud schemes through funds forfeited to the United States, totaling over $404 million distributed to more than 174,000 victims.

Licenses:

US: Western Union Financial Services, Inc. and Western Union International Services, LLC are licensed as Money Transmitters by the New York State Department of Financial Services (NMLS# 906983 and NMLS# 906985, respectively).
UK: The Western Union Online Service is provided by Western Union Payment Services GB Limited, authorized by the UK Financial Conduct Authority (FCA).
EU: Western Union International Bank GmbH, with its registered seat in Austria, is a fully licensed bank operating in several European countries, including France, the United Kingdom, and Germany.

Last Fundraising Round:

Western Union is a public company, and had its IPO in New York Stock Exchange in 2006.

Investors:

Western Union's shares are primarily held by institutional investors, accounting for 94.70% of its shares. Key investors include The Vanguard Group, Inc., BlackRock Fund Advisors, and Capital Research & Management Co., among others.