Payment systems are one of basic elements of infrastructure of e-commerce. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. In October 2006 the company made an initial public offering of shares on the New York Stock Exchange, becoming independent from First Data company. Before transition to remittances Western Union company rendered services on sphere of cable communication.
Western union sending money to Georgia
By 1861 Western Union telegraph lines entangled the whole America. It's time to explore Europe. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market.
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1970 - a new service called 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. One of the common kinds of money transfer is a transfer via the international system of Western Union. 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. The Western Union Company is a financial services and communications company based in the United States. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.