Western Union (WU) reported third quarter (3Q/15) revenues, on a currency adjusted basis (FX), increased 3% year-on-year (YOY). Net income declined 0.8% YOY to $232.2 million.
Western Union reported Consumer-to-Consumer (C2C) constant currency third quarter revenues increased 3%, while reported revenues declined 3%. Consumer-to-Business (C2B) revenues grew 6% in the quarter, or 10% constant currency, driven by the Argentina walk-in and the U.S. electronic bill payments businesses.
Los Angeles-based Payscout has inked an agreement with China’s Alibaba Group, under the terms of which Payscout will provide global payment logistics for Tmall,
Western Union reported second quarter (Q2/15) revenues declined 2% year-on-year (YOY), primarily due to the impact of the stronger U.S. dollar, however on a constant currency basis, Q2/15 revenues increased 4% YOY.
Western Union (WU) and Kroger have renewed their vows to give customers the ability to send and receive Western Union Money Transfer transactions across the globe to more than 200 countries and territories. Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.
The UK’s first supermarket bank has formed a new relationship with Western Union. The agreement also includes making Western Union’s consumer-to-consumer (C2C) money transfer services available in future Sainsbury’s Travel Money bureaux.
Western Union reported first quarter, declined 2% compared to the prior year period, or increased 4% on a constant currency basis. Transactions rose 3% for the first quarter to 61.75 million.
Microsoft-owned Skype users will now have to option to top up their accounts at more than 50,000 Western Union Agent U.S. locations. Western Union’s new Skype Credit is aiming for the banked, under-banked or un-banked.
Western Union reported fourth quarter, revenues declined 1% compared to the prior year period, or increased 4% on a constant currency basis. The differential between reported and constant currency revenue was the result of depreciation of the Argentine peso, the Euro, and various other major currencies around the world.
Consumers now making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
Western Union expanded its global relationship with UAE Exchange, an international money transfer retailer, from North Africa and Middle East to securing retail presence in 16 major city centers in the United Kingdom, Ireland, Germany & Netherlands.
Western Union is hooking up with Grupo Financiero Banorte’s UniTeller network to launch international direct to bank money transfers to Mexico from the U.S.