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 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 1856, in 7 years after the foundation of New York State Printing Telegraph Company, the company changed its name to Western Union Telegraph Company.