Revenue at the company’s digital business, which includes westernunion.com and mobile money transfer, jumped 21 percent in the third quarter, accounting for nearly 6 percent of total revenue. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram International Inc (MGI.O), Xoom Corp (XOOM.O) and privately owned Boom Financial Inc.
Published in TZ Latest News 30 October, 2014 by The TZ Newswire Staff
Western Union beats as more people use Web, mobile money transfer
Published in TZ Latest News 30 October, 2014 by The TZ Newswire Staff
Western Union beats as more people use Web, mobile money transfer
Revenue at the company’s digital business, which includes westernunion.com and mobile money transfer, jumped 21 percent in the third quarter, accounting for nearly 6 percent of total revenue. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram International Inc (MGI.O), Xoom Corp (XOOM.O) and privately owned Boom Financial Inc.