Tag: western union

NEWS

Western Union Set To Lock Down Operations In Cuba

Western Union, the American worldwide financial services and communications company is set to close its offices in Cuba following new sanctions from Washington which prevent it from working with Fincimex, a financial company operated by the government. The firm will close its “407 agencies located throughout the country because of these brutal provisions,” Fincimex said in a statement posted on […]

BUSINESS

Western Union Seeks MoneyGram In Acquisition Bid?

According to press reports, Western Union is in an acquisition bid to takeover MoneyGram, but the deal is yet to be finalized. If the offer is successful, it will join two of the largest remittance firms in the world. Western Union brought in US$4.4 billion in revenue from its consumer-to-consumer segment in 2019, while MoneyGram recorded over US$1.1 billion in […]