What's the Strategic Value of Western Union's New Stores in Mexico? [Yahoo! Finance]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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US:NYSE Investor Relations:
ir.westernunion.com/investor-relations/default.aspx
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Source: Yahoo! Finance
These owned locations are designed to provide a more direct, high-quality customer experience for individuals sending and receiving money. The locations offer a range of services, including cross-border money transfers to over 200 countries and the ability to send funds to bank accounts, mobile wallets or cash collection. The stores further expand Western Union's reach, complementing its existing agent network in Mexico. This move is part of Western Union's Evolve 2025 strategy, aiming to enhance customer access to its services while positioning itself closer to communities. The announcement comes at an opportune time as it coincides with the holiday season when remittance transactions traditionally increase. Per the company, Mexican customers increase their transaction volume by nearly 10% in December compared to the previous month. As such, this move will better position WU to capture a larger share of the remittance market, which could lead to higher transaction volumes and r
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News
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WU
Earnings
- 10/23/24 - Miss
WU
Sec Filings
- 12/17/24 - Form 8-K
- 12/4/24 - Form 8-K
- 11/14/24 - Form SC
- WU's page on the SEC website