Hikmet Ersek

Western Union Advances Its Digital Growth Strategy With Investment in stc pay

Sunday, November 22, 2020 - 10:12am

According to the terms of the transaction, Western Union will invest up to $200 million for up to 15% ownership of stc pay.

Key Points: 
  • According to the terms of the transaction, Western Union will invest up to $200 million for up to 15% ownership of stc pay.
  • With a strong base of over 4 million customers and an established regional brand in the fast-growing digital wallet market, Western Union believes that stc pay is poised to experience strong growth in the future.
  • The Company has achieved significant progress in its digital growth strategy in 2020 through both its market leading westernunion.com channel and digital partnerships.
  • Our strategy has proven to be successful, and I am encouraged by the meaningful contribution our partnership with stc pay made to Western Unions digital growth in 2020, said Western Union Chief Executive Officer Hikmet Ersek.

Western Union to Release Third Quarter Results on October 29, 2020

Monday, October 5, 2020 - 12:30pm

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 third quarter results on October 29, 2020 at 4:30 p.m.

Key Points: 
  • The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 third quarter results on October 29, 2020 at 4:30 p.m.
  • A press release highlighting the financial results will be issued at approximately 4:00 p.m.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union Supports Displaced People of the Moria Camp

Saturday, September 12, 2020 - 5:50am

Western Union , a global leader in cross-border, cross-currency money movement and payments, and the Western Union Foundation have announced the Foundations pledge of USD 250K in relief to support the immediate and long term recovery needs of refugees including the people displaced from Greeces Moria Camp.

Key Points: 
  • Western Union , a global leader in cross-border, cross-currency money movement and payments, and the Western Union Foundation have announced the Foundations pledge of USD 250K in relief to support the immediate and long term recovery needs of refugees including the people displaced from Greeces Moria Camp.
  • Western Union and our Foundation are unrelenting in our support of migrants, refugees and forcibly displaced people around the globe.
  • Our hearts are with the people of the Moria camp, said Hikmet Ersek, Western Union President and CEO.
  • Since its inception, the Western Union Foundation has granted USD 10.5M globally to support displaced persons, including immigrants, refugees, asylees, conflict-affected, and migrants.

Western Union to Release Second Quarter Results on August 4, 2020

Tuesday, July 21, 2020 - 1:00pm

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 second quarter results on August 4, 2020 at 4:30 p.m.

Key Points: 
  • The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 second quarter results on August 4, 2020 at 4:30 p.m.
  • A press release highlighting the financial results will be issued at approximately 4:00 p.m.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union Continues to Connect Communities and Economies at a Critical Time

Thursday, June 25, 2020 - 1:00pm

The report also highlights Western Unions response and ongoing initiatives surrounding the COVID-19 pandemic and social justice movements across the globe in early 2020.

Key Points: 
  • The report also highlights Western Unions response and ongoing initiatives surrounding the COVID-19 pandemic and social justice movements across the globe in early 2020.
  • It demands that we build unity through ingenuity to create new, lasting solutions for people, businesses, and societies, said Hikmet Ersek, President and CEO, Western Union.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

Western Union Partners with AXA to Offer Insurance Services Through Its Global Payments Platform

Thursday, June 18, 2020 - 4:45pm

The partnership will initially be a pilot program which Western Union and AXA hope to grow and scale over time.

Key Points: 
  • The partnership will initially be a pilot program which Western Union and AXA hope to grow and scale over time.
  • Western Union has already been successful in partnering with other global companies such as Amazon, Sberbank, Saudi Telecom and others, in offering money transfer and payments capabilities.
  • This partnership shows the power of our global cross-border, cross-currency payments platform, said Western Union CEO Hikmet Ersek .
  • We are pleased to offer insurance services in collaboration with AXA to serve our customers and their families who both know and trust Western Union.

Western Union Provides Update on Improving Transaction Trends in Its Consumer-to-Consumer Segment, including Acceleration in Digital Growth

Thursday, May 28, 2020 - 11:50am

Also, as previously announced, Western Union CEO, Hikmet Ersek, will present virtually today at Bernsteins 36th Annual Strategic Decisions conference at 4:00 p.m. Eastern time.

Key Points: 
  • Also, as previously announced, Western Union CEO, Hikmet Ersek, will present virtually today at Bernsteins 36th Annual Strategic Decisions conference at 4:00 p.m. Eastern time.
  • Mr. Ersek will provide an update on the Companys growth strategy and current trends.
  • The April improvement was led by better trends in the retail business and 77% transaction growth in the digital money transfer business.
  • With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth.

Western Union Pays Tribute to First Responders & Essential Workers Globally

Thursday, May 7, 2020 - 1:00pm

When the world stopped, our first responders and essential workers kept going, said Western Union President and CEO Hikmet Ersek.

Key Points: 
  • When the world stopped, our first responders and essential workers kept going, said Western Union President and CEO Hikmet Ersek.
  • Many of the worlds frontline or essential workers are global citizens who regularly send money to loved ones back home.
  • At Western Union, our inspiration comes from our customers who trust us with their hard-earned money.
  • Western Union and the Western Union Foundation , along with partners, have pledged more than US$1.0 million in the fight against COVID-19.

Western Union Expands Global Real-Time Payments Network

Thursday, April 23, 2020 - 2:00pm

Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced continued expansion of its Global Network for real-time money-movement and payments, benefiting the Companys consumers and clients across its branded money transfer and payments business as well as its expanding white-label business.

Key Points: 
  • Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced continued expansion of its Global Network for real-time money-movement and payments, benefiting the Companys consumers and clients across its branded money transfer and payments business as well as its expanding white-label business.
  • Western Unions global network now includes more than four billion bank account and wallets.
  • Western Union is continuing to execute on its strategy by investing in and growing our global network to empower businesses and consumers to move money or make payments how they choose, to where they choose, as quickly as possible, said Western Union President and CEO Hikmet Ersek.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.

Western Union to Release First Quarter Results on May 5, 2020

Tuesday, April 21, 2020 - 3:01pm

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 first quarter results on May 5, 2020 at 4:30 p.m.

Key Points: 
  • The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2020 first quarter results on May 5, 2020 at 4:30 p.m.
  • A press release highlighting the financial results will be issued at approximately 4:00 p.m.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth.