It costs more to send money to sub-Saharan Africa than anywhere else in the world: these companies are trying to change that [CNN]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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Source: CNN
But it costs more to send this money — known as remittances — to sub-Saharan Africa than any other region in the world, according to the World Bank In recent years, a number of African-founded financial technology (fintech) companies have emerged, with the aim of bringing down costs and carving into the dominant market share of traditional players like Western Union and MoneyGram. Ad Feedback The potential benefits are huge; the less it costs to send money to Africa, the more money is likely to be sent. An increased flow of foreign currency can act as a lifeline for both individuals and national economies. Worth $54 billion to sub-Saharan Africa in 2023 remittances account for more than a fifth of GDP of the Gambia, Lesotho, and Comoros,
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WU
Earnings
- 2/4/25 - Miss
WU
Sec Filings
- 3/31/25 - Form ARS
- 3/31/25 - Form DEFA14A
- 3/31/25 - Form DEF
- WU's page on the SEC website