Western Union Stock News

Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine.

The international money transfer system Western Union has suspended its operations in Russia and Belarus. Company’s website says.

Money transfers sent from Russia to other countries and not paid to recipients before March 24, 2022 will be available to recipients in other countries at any time

Goldman Sachs Group Inc, which has offices in Moscow, said on Thursday it was closing all its operations in Russia, which makes it the first major Wall Street bank to exit the country.

It adds to a growing number of financial, tech and retail companies leaving Russia over the war.

The Western Union Company announced on Thursday that it is suspending operations in Russia and Belarus. According to a press release published by the company, in recent weeks, they have been in dialo…

DENVER--(BUSINESS WIRE)--Western Union Suspends Operations in Russia and Belarus.

The international systems Western Union, MoneyGram, Ria Money Transfer, INTEL EXPRESS and TransferGo have canceled fees for transfers to Ukraine, the press service of the National Bank of Ukraine (NBU) said on Thursday.

Kenya’s leading telecom Safaricom Plc announced that its mobile money service M-PESA has surpassed 30 million monthly active customers mainly driven by its business usage. Launched 15 years ago on 6 th March 2007, Kenya remains M-PESA’s most active market accounting for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana and Egypt. The telco said that the last two years have seen M-PESA record explosive growth in business usage with the number of businesses accepting payments on its Lipa Na M-PESA service more than doubling from 173,000 in April 2020 to more than 387,000 today. M-PESA Regional Expansion Safaricom has set up both local and global partnerships that enable customers to send and receive money, and to make payments across the world including with PayPal, AliExpress and Western Union. Safaricom and its parent Vodacom are focusing on growing the service in other markets with a goal of bringing them to the same level of maturity as Kenya.

Shares have tumbled since its IPO, but that has nothing to do with the business.

International money transfers Western Union and Ria can be received in the branches of the logistics company "Nova Poshta", which canceled the commission in Ukraine.

Cuentas, a leading fintech provider of mobile banking, digital wallet and payment solutions serving Hispanic and Latino communities, has integrated Western Union''s domestic and international money transfer capabilities into the Cuentas mobile banking app.

Cuentas, a leading fintech provider of mobile banking, digital wallet and payment solutions serving Hispanic and Latino communities, has integrated Western Union’s domestic and international money transfer capabilities into the Cuentas mobile banking app. Cuentas customers can now send money to 200 countries and territories via the Cuentas mobile app. Leveraging Western Union’s leading global cross-border, cross-currency platform, Cuentas […] The post Cuentas Offers App-Based Cross Border Money Transfers Powered by Western Union appeared first on Fintech Finance .

Their payouts will likely rise over the years as well.

Cuentas (CUEN) has integrated Western Union''s domestic and international money transfer capabilities into its mobile banking app.Customers can now send money to 200 countries…