Money transfer agent locations

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. 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). Money transfer is a matter of minutes, at any distance. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. In 1933, by the Western Union Company were invented "singing telegrams".


Western union sending money to Sweden

Money transfer is a matter of minutes, at any distance. In 2000 was launched the Web site westernunion.com, with which users from certain countries can independently transfer funds online. 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).


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Payment systems are one of basic elements of infrastructure of e-commerce. In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. Each money transfer is protected with control number, that allows you to track and to ensure prompt payment of money specified by you person. In October 1871 the company has implemented the world's first telegraph money order. After a century money transfers have become a major source of income for Western Union. Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news.