The Western Union Company and Western Union
Foundation Offer Matching Pledge of up to USD $500K
Worldwide Fundraising for Supplies,
Equipment and Frontline Medical Treatment
Today, Western Union (NYSE: WU) a leader in cross-border,
cross-currency money movement and payments, and the Western Union
Foundation announced a USD $1M global matching challenge to help
fight COVID-19 (coronavirus) and for relief in China and other
affected countries. The combined Western Union and Western Union
Foundation match will be up to USD $500,000.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200213005982/en/
Western Union Launches Worldwide
Coronavirus Relief Drive (Graphic: Business Wire)
The Western Union Foundation is accepting contributions from
Western Union employees, Agents, customers, and the public, across
the globe between now and April 14, 2020. The aid will be pledged
to local and global NGOs, including Give2Asia and International
Medical Corps* for ongoing relief efforts in China and other
impacted nations throughout the world, including to purchase
supplies, equipment and frontline medical treatment.
As of February 13, 46,997 individuals are estimated to have been
infected with COVID-19, with 1,368 deaths globally (46,550 cases
and 1,368 deaths in China), according to the World Health
Organization.
“Western Union is a global company and we support our customers,
employees and communities in times of need. The time is now for the
global community to come together in support of communities
affected by COVID-19,” said Western Union CEO Hikmet Ersek. “Being
a responsible global company means not just serving and benefiting
from an interconnected world but taking steps to care for
vulnerable communities in dire times. We encourage everyone across
the world including our employees, Agents and customers and
partners, to step up and show their support.”
Donations towards the $1M challenge can be made via:
- Public donation appeal via the Western Union Foundation
Donation Platform
- In the U.S., donations made through the Western Union mobile
app between March 1 – April 14
- Company donations can be coordinated via
wufoundation@wu.com
In addition to offering money for on-the-ground efforts to
prevent and combat the spread of COVID-19, Western Union and the
Western Union Foundation have launched a worldwide campaign to
drive awareness and encourage donations from the public including
Western Union employees, Agents, and customers.
“We are committed to helping our partner organizations fight
this virus in whatever ways are most appropriate in their
localities,” said Elizabeth Roscoe, Western Union Foundation
Executive Director and Western Union Head of Corporate Brand &
Purpose. “We understand the importance of doing our small part to
bring the global community together to combat this infectious
disease which can endanger everyone equally, without regard for
boundaries of geography, ethnicity or social class.”
Give2Asia said it is thankful for the help and support from the
global community, but more is always welcome. “We are grateful to
everyone who is taking action in this time of need,” said Birger
Stamperdahl, Give2Asia’s President and CEO. "Frontline health
workers are risking their lives to help control the spread of the
virus. Give2Asia sees a strong commitment on the part of the global
community to support their work and to help families and
communities hurt by the outbreak.”
WU-G
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement and payments. 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
December 31, 2019, our network included over 550,000 retail agent
locations offering our branded services in more than 200 countries
and territories, with the capability to send money to billions of
accounts. Additionally, westernunion.com, our fastest growing
channel in 2019, is available in over 70 countries, plus additional
territories, to move money around the world. 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 www.westernunion.com.
About the Western Union Foundation
The Western Union Foundation believes that education is the
surest pathway to economic opportunity. After nearly 20 years of
impact, we are continuing to deliver against our mission with our
Opportunity Beyond Borders commitment, to invest $15 million by
2022, with a focus on empowering forcibly displaced and
marginalized youth with the training and education needed to
succeed in today’s technology-driven global economy. We also
provide funding to communities in crisis through disaster relief
and other humanitarian efforts, a key reason for forced migration.
To date, more than $124 million has been given to fund projects and
scholarships in 174 countries across the globe. The Western Union
Foundation is a separate charitable corporation that is tax-exempt
under 501(c)(3) of the US Internal Revenue Code, and receives
support from The Western Union Company, its employees, Agents and
business partners. Contributions to the Foundation are
tax-deductible for US income tax purposes. To learn more, visit
wu.com/foundation or follow us on Twitter @TheWUFoundation.
*The Western Union Foundation will commit 100 percent of funds
raised via public donations to Give2Asia and International Medical
Corps
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200213005982/en/
Western Union Global Communications
& Social Channels Pia De Lima;
Pia.DeLima@westernunion.com / +1 9542605732
Western Union Americas
Margaret Fogarty; maragaret.fogarty@wu.com
Western Union Middle East &
Africa Mohamed El Khalouki;
Mohamed.ElKhalouki@wu.com
Western Union Asia-Pacific
Karen Santos; Karen.Santos2@westernunion.com
Western Union Europe &
CIS Carolina Laurijssen; Carolina.Laurijssen@wu.com
Western Union Foundation
Emily Larson; Emily.Larson@westernunion.com
Western Union (NYSE:WU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Union (NYSE:WU)
Historical Stock Chart
From Jul 2023 to Jul 2024