In 1860 the U.S. Congress arranged among the telegraph companies a competition to create a national line. The winner was Western Union. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported. Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services. Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. 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).
Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments and commercial services. Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As a result of 2011, net income of Western Union has increased by 28% to $ 1.165 billion, the company reported.