Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company. Western Union for more than 130 years provides money transfer services to its customers. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - 1998 - the number of points of money transfers worldwide reached 50,000. The network of money transfers of Western Union is the world's largest.
Western union sending money to Bulgaria
Western Union for more than 130 years provides money transfer services to its customers. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company.
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In 1866, Sibley ordered the engineers to develop a Western Union telegraph system of stock quotes in real time. The first offices of company were located in the Reynolds Arcade building in Rochester, New York. The sign above the main entrance to the building - In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network. In the 30's of the twentieth century, Western Union has become the world's largest telegraph company. On the market was placed about 765 million of ordinary shares of the company. On the first day trading on the exchange the company's shares rose by 3.3% and the cost was $ 19.96. Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services.