Market Overview

Western Union Accelerates Global Digital Expansion


Digital Money Transfer Services Expands To Asia, Latin America and
The Middle East – Now also Live in Brazil and Qatar and Connects to More
Than 200 Countries And Territories

Western Union Digital, the fastest growing part of Western
Union's business, is gaining momentum as the company, today, announced
the acceleration of its digital footprint. The
Western Union Company
(NYSE:WU), a leader in cross-border and
cross-currency money movement, is rapidly deploying digital services
across major regional economic hubs of Asia, Latin America and the
Middle East, connecting them 24/7 to more than 200 countries and
territories, including billions of consumer bank accounts.

In the next few years, Western Union's digital expansion plans include
scaling to more than 200 countries and territories with emphasis on the
mobile channel from which approximately 70% of Western Union's digital
transactions globally originate.

In Asia, with Hong Kong already live, Malaysia, and Singapore
will commence services over the next few weeks. In Latin America,
Brazil, Jamaica and Panama are live with Mexico set to follow and in the
Middle East,
Bahrain, Kuwait, Qatar and Oman are live with United
Arab Emirates to launch thereafter. Western Union already has a full
digital offering in North America, across major parts of Europe
and Australia and New Zealand.

"Our ability to scale our services globally is underpinned by deep
expertise, a sophisticated cross-border, cross-currency platform – with
global settlement, treasury and compliance infrastructure, a vast global
network of over half a million locations, and the ability to send money
to billions of accounts and mobile wallets," said Western Union CEO and
President Hikmet

"Our platform sets the standard for international money movement as we
serve an ever-broader array of customers, giving them greater ease,
access and confidence in every transaction they make, while upholding
what matters most to them– speed, reliability, convenience and trust. No
one moves money farther with multiple channel choice," said Ersek.

About Western Union's Cross-Border Platform

Western Union's cross-border, cross-currency platform – including a
robust digital footprint, settlement, treasury and compliance
infrastructure, and a vast global network of over half a million
locations, and the ability to send money to billions of consumer
accounts and mobile wallets – sets the standard for international money
movement. With operations in 200 countries and territories, Western
Union's platform processes an average of 32 transactions every second
and moves $300 billion a year across 130 currencies.

Connecting the digital and physical worlds of money, Western Union's
technology stack, APIs, foreign exchange and settlement engine, agent
network, anti-money laundering and fraud detection capabilities make it
one of the largest digital and physical money movers for consumers
around the globe.


For more information, visit the Western Union newsroom at

About Western Union

The Western Union Company (NYSE:WU) is a global leader in cross-border,
cross-currency money movement. Our omnichannel platform connects the
digital and physical worlds and makes it possible for consumers and
businesses to send and receive money and make payments with speed, ease,
and reliability. As of June 30, 2018, our network included over 550,000
retail agent locations offering Western Union, Vigo or Orlandi Valuta
branded services in more than 200 countries and territories, with the
capability to send money to billions of accounts. Additionally,, our fastest growing channel in 2017, is available in
45 countries and territories to move money around the world. In 2017, we
moved over $300 billion in principal in nearly 130 currencies and
processed 32 transactions every second across all our services. With our
global reach, Western Union moves money for better, connecting family,
friends and businesses to enable financial inclusion and support
economic growth. For more information, visit

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