The Western Union Company, a cross-border, cross-currency money movement and payments platform, has announced the appointment of Devin B. McGranahan as new Chief Executive Officer (CEO). After a comprehensive succession planning process, the Board of Directors has appointed McGranahan to succeed Hikmet Ersek as CEO by year end 2021. McGranahan has also been appointed to…
Tag: Western Union
Western Union and Mastercard Expand Global Partnership
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•The Western Union Company, a global cross-border, cross-currency money movement and payments platform, and Mastercard, a global technology company in the payments industry, have bolstered their decade-long strategic partnership. The deepened partnership expands Mastercard Send integration into Western Union’s global money movement network, and also Mastercard’s Cross-Border Services delivery via Western Union Business Solutions, a…
Western Union acquires 15% stake in Saudi telecom subsidiary stc pay
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•The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms of the transaction, Western…
Western Union announces expansion of its Global Real-Time Payments Network
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•Western Union, a company that provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, has announced the expansion of its Global Network for real-time money-movement and payments. The move will benefit the consumers and clients across its branded money transfer and payments business as well as…
Western Union and Bharti Airtel collaboration unveils Real-time Global Payments in India and Africa
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•Western Union, a cross-border cross-currency money movement and payments company, and Bharti Airtel Limited, a global telecommunications company with operations in 18 countries across Asia and Africa, announced an unprecedented milestone in global money movement across the world’s significant emerging markets. The two industry leaders have come together to launch real-time payments soon into millions…