Western Union (NYSE:WU) Holdings, Inc. (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. The company offers a broad array of services to consumers and businesses worldwide, including person-to-person money transfers, bill payments, money orders and business payment solutions. Through its extensive network of agent locations, digital platforms and strategic partnerships, Western Union facilitates the secure, convenient and fast movement of funds across more than 200 countries and territories.
Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company, Western Union pioneered telegraphic communications before expanding into financial services in the 20th century. Over the decades, the company has transformed its business model to meet evolving customer needs, integrating advanced digital technologies, mobile apps and online channels to complement its traditional retail money transfer network. This rich heritage has established Western Union as a trusted name in global payments for over 170 years.
The company's core consumer offerings include money transfers via Western Union agent locations, mobile and online transfers through the Western Union website and mobile app, and prepaid card services. It also serves business clients with cross-border, cross-currency payment solutions designed to streamline international payrolls, supplier disbursements and commercial transactions. Western Union continuously invests in digital innovation, regulatory compliance and risk management to enhance speed, reliability and security in its payment products.
Headquartered in Denver, Colorado, Western Union operates a hybrid model combining a vast agent network with digital capabilities, enabling customers to send and receive money in cash or directly to bank accounts and mobile wallets. Under the leadership of President and CEO Devin McGranahan and a seasoned management team, the company is focused on driving growth in its digital channels, expanding its B2B services and leveraging strategic partnerships to capture new opportunities in the global payments landscape.
