The Western Union is one of the American financial services and communications company. Furthermore, one of its headquarters is in Meridian, Colorado, North America. This company was the best known U.S Company in terms of exchanging telegrams. However, its services have different features such as:
- Person-to-person money transfer
- Money orders
- Business payments
- Commercial services.
Therefore, the company offers standard “Cablegrams“, as well as more cheerful products such as Candy grams, Melody grams, and Melody grams.
Specific Services of Western Union – Www.westernunion.com
Online: The Company’s website (www.westernunion.com) allows their users to send and receive funds from others. Also, pay bills, locate Western Union locations, track transfer, and to purchase Western Union Net spend gift cards. However, the website also tries to spread fraud awareness using videos, articles, and quizzes to do so.
BidPay: The company began its online services as the internet became an arena for commerce at the turn of the millennium. However, in 2004, Bid Pay was renamed “Western Union Auction Payments” before changing it back to its present name which BidPay.
Furthermore, there was a termination operation by Bidpay on December 31, 2005. Also, it was sold out March 2006 for $1.8 million by Cyber Source Corp. However, they made a notification of their intention to re-launch BidPay.
Western Union Mobile – Western Union Bank
In October 2007, the company made an announcement of their plans to introduce a mobile money-transfer service. More so, this is with the GSM Association representing more than 700 mobile operators. Also, it is in over 218 countries and covering 2.5 billion mobile subscribers.
More so, western Union’s mobile money transfer connects its core money-transfer platform to m-bank or m-wallet platforms. This available by mobile operators or locally financial institutions regulating board.
Western Union Connect
The kicking of the western union connects by the company service was in October 2015. This is following partnership agreements with major instant messaging apps such as WeChat and Viber.
However the partnership makes users of WeChat to send up to $100 to China, the US and 200 more countries. While Viber users where given access to send up to $100 for $3.99. However this is with exchange rate fees, with fixed fee increasing the more money in sent up to a limit of $499.
Furthermore, the growth of mobile phones in both developed and developing economies provides a widely accessible consumer device. However, this is capable of delivering mobile financial services ranging from text notifications. Which also, connect to Western Union cash delivery services to phone-based remittance options.