In February 2009 the company entered into an agreement with Fexco to acquire 100% of its shares for $ 159.9 million. Payment systems are one of basic elements of infrastructure of e-commerce. Western Union incomes for 2007 have made $4,9 billion US dollars, and the quantity of transactions has made 572 million. In October 1871 the company Western Union began to provide money transfer services, drawing on its own extensive telegraph network.