Western Union Provides Update on Improving Transaction Trends in Its Consumer-to-Consumer Segment, including Acceleration in ...
May 28 2020 - 6:50AM
Business Wire
The Company also highlights participation in
upcoming conferences: Bernstein’s 36th Annual Strategic Decisions
Conference and Bank of America's Global Technology
Conference
The Western Union Company (NYSE: WU), a global leader in
cross-border, cross-currency money movement and payments, today
announced that the Company will present virtually at the Bank of
America Global Technology conference on Tuesday, June 2, 2020. The
presentation will begin at 3:15 p.m. Pacific time and will include
comments from Raj Agrawal, CFO.
Investors and interested parties will be able to listen to the
investor presentation via webcast from http://www.westernunion.com,
under the investor relations section. The archived webcast will be
available approximately one hour after the conclusion of the
presentation.
Also, as previously announced, Western Union CEO, Hikmet Ersek,
will present virtually today at Bernstein’s 36th Annual Strategic
Decisions conference at 4:00 p.m. Eastern time. Mr. Ersek will
provide an update on the Company’s growth strategy and current
trends.
- As highlighted with first quarter 2020 results, the decline in
transactions for the Company’s Consumer-to-Consumer business
associated with the COVID-19 crisis improved to -21% for the month
of April, from approximately -30% in late March. The April
improvement was led by better trends in the retail business and 77%
transaction growth in the digital money transfer business.
- The Company has continued to see improved transaction trends
thus far in the month of May in the Consumer-to-Consumer business,
and will provide further specifics on May performance in early
June.
Investors and interested parties will be able to listen to the
investor presentation via webcast from http://www.westernunion.com,
under the investor relations section. The archived webcast will be
available approximately one hour after the conclusion of the
presentation.
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
March 31, 2020, 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 75 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.
WU-G
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version on businesswire.com: https://www.businesswire.com/news/home/20200528005311/en/
Media Relations: Pia De Lima +1 (954) 260-5732
Pia.DeLima@westernunion.com
Investor Relations: Brendan Metrano +1(720) 332-8089
Brendan.Metrano@westernunion.com
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