Western Union

Stephen Bowman and Hikmet Ersek join Voya Financial board of directors 

Retrieved on: 
Wednesday, March 22, 2023
Professional Services, Business, Other Professional Services, Finance, Asset Management, Consulting, Banking, University, Erste Group, Miami University, VOYA, DePaul University, MBA, Multimedia, GE Capital, Hikmet Ersek, Vienna University of Economics and Business, Retirement, Risk, Bowman, CFO, Voya Financial, Knowledge, NYSE, Economics, Management, Northern Trust, Western Union, Hikmet

Voya Financial, Inc. (NYSE: VOYA), announced today that Stephen “Biff” Bowman and Hikmet Ersek have been elected to the company’s board of directors, effective today.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that Stephen “Biff” Bowman and Hikmet Ersek have been elected to the company’s board of directors, effective today.
  • View the full release here: https://www.businesswire.com/news/home/20230322005575/en/
    Voya Financial, Inc. (NYSE: VOYA), announced that Stephen “Biff” Bowman has been elected to the company’s board of directors, effective March 22, 2023.
  • “I’m pleased to welcome Biff and Hikmet to the Voya board,” said Rodney O. Martin, Jr., executive chairman, Voya Financial, Inc. “Biff and Hikmet have unique and valuable skillsets – as well as global experience – having served in key executive roles in the financial services industry.
  • Bowman serves on the board of directors for First Interstate BancSystem, Inc. (NASDAQ: FIBK) and FNZ Trust Co.

Index Launch: Remittances Play a Powerful Role in Consumers’ Financial Planning

Retrieved on: 
Wednesday, March 22, 2023
Professional Services, Cryptocurrency, Finance, Fintech, Asset Management, Banking, Transfer, Sender, Education, Internet, Perception, Western Union, Innovation, Human, Research, Trust, Financial services, Online shopping, Bank, Music, Index

As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future financial planning.

Key Points: 
  • As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future financial planning.
  • The results bolster Western Union’s ‘ Evolve 25 ’ strategy to combine high-value, accessible retail and digital financial services for all.
  • The Index shows that economic challenges such as higher global cost of living mean 79% of receiving consumers must ask for more money.
  • While family support is identified as the main purpose for remitting, consumers say transfers also play a strong role in future financial planning.

Visa Defines New Era of How Money Travels Abroad

Retrieved on: 
Tuesday, March 21, 2023
Personal Finance, Mobile, Wireless, Technology, Payments, Finance, Fintech, Professional Services, Business, Networks, Data Management, Acceleration, Remittance, Food, Education, Xoom, Money, Brightwell, Research, Visa, Diving, Digital, Morning Consult, Remitly, MoneyGram, Financial services, Online shopping, Western Union

In conjunction with the study, Visa launched “ Money Travels ,” a new podcast series unearthing how payment-related topics unfold differently in various places around the world and highlighting the stories of real people, payment experts and partners.

Key Points: 
  • In conjunction with the study, Visa launched “ Money Travels ,” a new podcast series unearthing how payment-related topics unfold differently in various places around the world and highlighting the stories of real people, payment experts and partners.
  • “Fast, easy and secure payments can make a profound difference to families, communities and economies around the world,” said Ruben Salazar, Global Head of Visa Direct.
  • Visa works in collaboration with global remitters such as Brightwell, Maya Philippines, MoneyGram, Paysend, Remitly, Western Union and Xoom to help enable efficient money movement through digitized remittances.
  • “One of our visions for Visa Direct is to create new opportunities for financial inclusion and wealth building by helping to simplify cross-border payments and streamline the way money travels,” continued Ruben Salazar.

Western Union Money Transfers Now Available on MoMo App

Retrieved on: 
Monday, March 20, 2023
Software, Finance, Banking, Data Management, Professional Services, Technology, Apps, Applications, Mobile, Wireless, Transfer, Senior, Life, Research, World Bank, MTCN, Ecosystem, Union, Momo, Online shopping, Western Union, Fintech

Western Union and MoMo today announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.

Key Points: 
  • Western Union and MoMo today announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.
  • Exclusive insights from Western Union research show that a staggering number of consumers in Vietnam (81%) want money transfer providers to integrate capabilities into one ‘super app’.
  • MoMo’s 31 million customers can now receive their Western Union money transfers digitally from over 200 countries and territories around the world.
  • Customers can search for ‘Western Union’ on the MoMo App and input their Money Transfer Control Number (MTCN).

Western Union Earns Three Recognitions for ESG Efforts

Retrieved on: 
Tuesday, March 14, 2023
DEI (Diversity, Equity and Inclusion), Finance, Environmental, Social and Governance (ESG), Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Interim, Environment, DEI, Ethisphere Institute, NYSE, ESG, Management, Western Union

The Western Union Company (NYSE: WU), a leader in cross-border money movement, has received three distinctions for its efforts in advancing its environment, social and governance (ESG) strategy.

Key Points: 
  • The Western Union Company (NYSE: WU), a leader in cross-border money movement, has received three distinctions for its efforts in advancing its environment, social and governance (ESG) strategy.
  • The company’s ESG strategy focuses on furthering economic prosperity, promoting the integrity of money movement and advancing diversity, equity and inclusion (DEI).
  • “Western Union exists to help people prosper,” said Ben Adams, Chief Legal Officer and Interim Chief People Officer, Western Union.
  • “These achievements and recognition of our ESG efforts are the result of living our purpose and keeping our values at the center of everything we do.”
    To learn more about Western Union’s commitment to ESG, click here .

Study: Generation Z Most Entrepreneurial Among All Demographic Groups in Saudi Arabia

Retrieved on: 
Monday, March 6, 2023
Technology, Payments, Finance, Fintech, Banking, Professional Services, Business, Digital Cash Management, Digital Assets, Generation Z, Consumer, Digital, Research, Society, Environment, E25, Trust, Vision 2030, Gen, Appetite, Cryptocurrency, Online shopping, Kingdom, Western Union

The study, which surveyed over 1,500 money-sending and receiving citizens and residents of Saudi Arabia, asked how, when and why they move money internationally.

Key Points: 
  • The study, which surveyed over 1,500 money-sending and receiving citizens and residents of Saudi Arabia, asked how, when and why they move money internationally.
  • The results bolster Western Union’s recently announced ‘Evolve 2025’ (E25) strategy combining high-value, accessible digital and retail financial services.
  • Gen Z survey-takers also reveal valuable insight into their decision-making habits for international money transfer brands, demonstrating the importance of convenience, speed and affordability.
  • The survey also indicates that Gen Z seek flexibility in transfer methods in future, be it in cash or digital transactions.

Western Union to Present at the Wolfe FinTech Forum on March 14

Retrieved on: 
Thursday, March 2, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Digital Cash Management, Digital Assets, NYSE, Wolfe, Western Union, Webcast, Drug, Self storage

The Western Union Company (NYSE: WU) today announced that the Company will present at the Wolfe FinTech Forum on Tuesday, March 14, 2023.

Key Points: 
  • The Western Union Company (NYSE: WU) today announced that the Company will present at the Wolfe FinTech Forum on Tuesday, March 14, 2023.
  • The presentation will begin at 4:00 p.m. Eastern Time and will include comments from Devin McGranahan, President and Chief Executive Officer, and Matt Cagwin, Chief Financial Officer.
  • Investors and interested parties will be able to listen to the investor presentation via webcast from www.westernunion.com , under the investor relations section.
  • The archived webcast will be available shortly after the conclusion of the presentation.

Western Union Expands Initial Test Service from the United States to Cuba

Retrieved on: 
Thursday, March 2, 2023
Hispanic, Banking, Professional Services, Consumer, NYSE, Central bank, MLC, Central Bank of Cuba, Bank, Cryptocurrency, Miami metropolitan area, Western Union

Western Union (NYSE: WU) today announced a major expansion of its pilot program providing money transfer services from the U.S. to Cuba.

Key Points: 
  • Western Union (NYSE: WU) today announced a major expansion of its pilot program providing money transfer services from the U.S. to Cuba.
  • The initial test phase of the pilot program, launched on January 4, included send service from a select group of U.S. retail locations in the Greater Miami area.
  • Today, it has grown to more than 4,400 retail locations across the United States and Puerto Rico, as well as the availability of digital send service from WesternUnion.com and the Western Union mobile app.
  • To process transactions to Cuba, Western Union signed an agreement with Orbit S.A. who received authorization from the Central Bank of Cuba in February 2022 as a non-banking financial institution to process money transfers to the island.

Western Union and 7-Eleven México Announce Strategic Alliance to Send and Receive Money Cross-Border

Retrieved on: 
Wednesday, March 1, 2023
Professional Services, Retail, Convenience Store, Finance, Asset Management, Banking, Transfer, Marketing, MTCN, Bank of Mexico, Growth, Bank, 7-Eleven, Philosophy, Drug, Airline, Online shopping, Western Union

The ability to send money with speed and convenience over a mobile phone using the Western Union app, online, or in-person at a retail location or a combination of both.

Key Points: 
  • The ability to send money with speed and convenience over a mobile phone using the Western Union app, online, or in-person at a retail location or a combination of both.
  • Increased customer peace of mind by offering simple ways to send and receive money in minutes, including the ability to send directly to bank accounts or pick up as cash at any Western Union retail location.
  • “We are very proud to establish this new strategic alliance with one of the largest retail chains in the country and the world.
  • Undoubtedly, adding the Western Union brand to our portfolio reinforces our commitment so that our clients can solve all their needs with us.

Yesway Continues Expansion, Achieves 435 Store Milestone

Retrieved on: 
Tuesday, February 28, 2023
Cloud, News, Mechem, Love, WarnerMedia, Tres Amigos, Snack, Egg, Acquisition, Beer, Express, ATM, Growth, City, Snyder, Milk, Cryptocurrency, Western Union

FORT WORTH, Texas, Feb. 28, 2023 /PRNewswire/ -- Yesway, one of the country's fastest-growing convenience store chains, today celebrates the achievement of a major growth milestone, marked by the opening of its newest Allsup's stores in Ruidoso, New Mexico, and Abilene, Springtown, Snyder, and Whitney, Texas.

Key Points: 
  • In addition to opening five new stores, Yesway has acquired five existing Ranglers stores in the cities of Clifton, Hamilton, and Hico, Texas.
  • With this latest expansion, the Yesway portfolio now includes 435 stores across nine states.
  • Last month, Yesway announced that it had raised $190 million in new equity to fund its continued growth.
  • To find the Yesway or Allsup's store closest to you, please visit www.Yesway.com/locations or www.Allsups.com/allsups-locations/ .