The Western Union Company is well-known for its digital financial services, particularly in the field of cross-border and cross-currency money transfers.
The company operates in two main segments: Consumer Money Transfer and Consumer Services. The Consumer Money Transfer segment facilitates global money transfers through various channels such as retail locations, websites, and mobile devices. This segment covers both international and, in certain regions, domestic transfers.
The Consumer Services segment offers a range of financial solutions, including bill payment services, money orders, retail foreign exchange, prepaid cards, credit partnerships, digital wallets, and media networks. Western Union's services are available in over 200 countries and territories through a wide network of agents, demonstrating its commitment to providing comprehensive financial services on a global scale.