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In 1856, in 7 years after the foundation of New York State Printing Telegraph Company, the company changed its name to Western Union Telegraph Company. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. Western Union for more than 130 years provides money transfer services to its customers. 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 Malaysia

Western Union for more than 130 years provides money transfer services to its customers. 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. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million.


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Western Union made so that the time in all of American civil services was the same. In 1884 Western Union has become a joint-stock company and was brought to the stock exchange. The company has entered in the first American stock index Dow Jones. In 1935, Western Union has put into operation first intercity fax communication. In order to increase competitiveness and market expansion of its services, Western Union launched a program of loyalty Western Union Gold Card for customers, who has repeatedly made money transfers via Western Union. Sibley, the founder of Western Union, did not build a new telegraph lines, and persuaded the other players to join. American Telegraph Company, however, still had to buy it. The size of the commission fee for the transfer is charged according to the Western Union tariffs and depends on the amount of money sent.