Western Union's Digital Transactions Surge 13%
Western Union(WU) PYMNTS·2024-04-25 08:28
Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders.Branded digital transactions grew by 13% year over year (YoY), the company detailed in its materials. CEO Devin McGranahan said during the conference call with analysts that consumer money transfer transactions 6% growth rate marked the third consecutive quarter with 5% or more transaction growth.Adjusted revenue growth was 3%, YoY, to a bit more than $1 billion.“The macro backdrop remains co ...