Western Union

Western Union is a global financial services and communications company specializing in cross-border, cross-currency money transfers. Established in 1851, it initially focused on telegraph services before transitioning to financial services. The company generates revenue through transaction fees and currency exchange margins on money transfers. Western Union operates in over 200 countries and territories, offering services such as money transfers, bill payments, and money orders. Its extensive agent network and digital platforms facilitate millions of transactions annually, making it a leader in the remittance industry.

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