Event sponsor: Western Union
About Western Union
Today, millions of customers use Western Union® technology to safely send money to family members for education, housing, and health care. More than 50,000 users, including businesses of all sizes, financial and educational institutions, and NGOs use our Cross-Border Payments, Risk Management, and Cash Management Solutions. And a growing ecosystem of entrepreneurs is taking root on our platform, creating never-before-imagined solutions to customer needs large and small.
Moving money looks easy: It isn’t. Businesses from global banks to celebrated fintechs struggle to move funds across borders, in near-real time, at scale and in compliance with national and international regulations.
Western Union combines the required licensing; a pay-in network that includes both retail locations and digital and account payouts; a settlement mechanism that interacts with all these pay-in locations and calculates currency conversions on both the send and receive ends; and tracking and risk-assessment technology to support compliance with local regulations — to create the ONE truly global money mover.