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In the early 60s Western Union has put into operation transcontinental microwave system of data transmission via radio waves, completely replacing the web of telegraph poles and wires. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market. Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. 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 sending money to Malaysia

Number of active holders of "Golden Card" of Western Union amounted to 9.5 million people worldwide. 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. Leaving the idea of expansion into Europe, Western Union took up the expansion of services in the U.S. market.


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Each money transfer is protected with control number, that allows you to track and to ensure prompt payment of money specified by you person. Transaction with Fexco has allowed Western Union to control directly more than 10 thousand points of service, which belonged to Fexco in 7 European countries (Spain, UK, Sweden, Ireland, Denmark, Norway and Finland). 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. Most service points of Western Union work in the time convenient for customers throughout the week and throughout the year. In 1864, fearing the laying of long underwater lines, Western Union offered to carry out laying of telegraph lines to Europe through the Russian Alaska under the narrow Bering Strait and then to Siberia with branching in the major cities of Europe. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone.