ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payment
services, announced today the company supports the White House decision
to ease restrictions on money transfer services to Cuba.
“As a purpose-driven company, Western Union firmly believes in financial
inclusion – giving individuals, families and businesses opportunities
for economic growth worldwide,” said Western Union President and CEO,
“We have a long tradition of offering reliable money transfer services
to the Cuban community both in the US and in Cuba and our company is
poised to continue offering services to Cuba, consistent with
regulations,” concluded Ersek.
Western Union has provided money transfer services from the U.S. to Cuba
since 1999, in accordance with regulations under The U.S. Department of
Treasury, Office of Foreign Assets Control (OFAC).
Western Union connects millions of senders and receivers worldwide,
through a global network of more than 500,000 agent locations in 200
countries and territories and over 100,000 ATMs and kiosks. Consumers
can also send money via WesternUnion.com
in select markets.
In 2013, alone, Western Union completed 242 million consumer-to-consumer
transactions worldwide, moving $82 billion of principal between
consumers, and 459 million business payments.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of September 30, 2014, the Western Union, Vigo
and Orlandi Valuta branded services were offered through a combined
network of over 500,000 agent locations in 200 countries and territories
and over 100,000 ATMs and kiosks. In 2013, The Western Union Company
completed 242 million consumer-to-consumer transactions worldwide,
moving $82 billion of principal between consumers, and 459 million
business payments. For more information, visit www.westernunion.com.
Source: Western Union