In a recent article from Digital Connect magazine, Western Union is prominently featured in a story about the global remittance business.
They first establish WU as “a pioneer in the industry, the company has enabled both businesses and individuals to send and receive money across the globe.”
They go on to note that “Western Union has increased its digital revenue by more than 30 percent” recently and they say that “when it comes to the number of money transfer apps being downloaded, Western Union is ahead of other providers by over 78 percent.”
The feature also highlights a quote from Raj Agrawal, the Chief Financial Officer at Western Union, who says that the company has experienced a huge demand for digital transfers since the COVID-19 pandemic set in.
“A few months after the pandemic was declared, we saw the number of digital remittances increase significantly….this is attributed to measures taken by various governments around the world to encourage contactless transactions” said Agrawal.
This article was written by Shawn and originally published on Digital Connect Mag. A subscription may be required.
