Boston, MA 06/12/2014 (wallstreetpr) – The Western Union Company (NYSE:WU), a market leader in the realm of payment services across the globe, has more than 200 million user base across 500,000 locations in as many as 200 countries globally.
WU’s Hall Of Fame
The Western Union Company (NYSE:WU) proudly announced John David Thompson, the Executive VP and CIO of WU as an incumbent inductee into the company’s prestigious ‘Hall of Fame’, because of his vision and impact on the WU’s IT field.
WU Eyes Expansion Across Nigeria
The Western Union Company (NYSE:WU) has chalked out plans to expand its services across Nigeria. The company launched a brand new site in Nigeria. Khalid Fellahi, the General Manager and Senior VP of Western Union Digital stated that WU shall grow its existing network and ameliorate its consumer access far and near in Nigeria. He further added that this launch supports WU’s global retail network expansion plans, and corroborated that WU has evolved as the differentiator in the money transfer marketplace.
Payment Transfer Across Nigeria
The Western Union Company (NYSE:WU) authorities pointed out that people in Nigeria can receive funds round the corner of this globe from 200 countries. The money transfer shall be guaranteed or regulated by Skye Bank, Werna Bank, Guaranty Trust Bank and Stanbic IBTC Bank.
The online payment services across Nigeria have been duly launched in due cooperation with an organization called Interswitch Limited. Mr. Fellahi commented the WU intends to explore a myriad of joyous and prospective opportunities that guarantee better financial inclusion and enhance the speed of money transfer across the key regions in Nigeria.
Bitcoin Can Upset WU’s Payment Plans
The Western Union Company (NYSE:WU)’s strategic expansion plans came at a juncture where Bitcoin and allied products are gaining the centerstage. Bitcoin has 5 million users globally around 200,000 merchants accept Bitcoins. However, Facebook Inc (NASDAQ:FB), Chase Corporation (NYSEMKT:CCF) and Apple Inc. (NASDAQ:AAPL) are increasingly working to innovate their individual payment spaces. WU has been around for quite some time, however, the innovations by other tech-giants has been the new risk or challenge that WU is facing today!
