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. 1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. Western Union offers one of the easiest ways for families and friends to send money and stay connected almost anywhere in the world. Money transfer is a matter of minutes, at any distance. In 1849, Selden and Sibley, the founders of the future Western Union, created the New York State Printing Telegraph Company.