Western Union's Digital Surge Offsets In-Store Decline
WUWestern Union(WU) PYMNTS.com·2024-07-31 07:50

The digital transformation of Western Union continues with the money-transfer company posting double-digit growth in global mobile and online transactions for the second quarter, despite headwinds from sanctions on Iraqi banks.As CEO Devin McGranahan told the company’s earnings call, the digital growth was a major contributor to the period’s milestone of four straight quarters of double-digit transaction growth, which hasn’t been seen since 2018. That growth was adjusted due to sanctions placed on 14 Iraqi ...