ENGLEWOOD, Colo.--(BUSINESS WIRE)--The Western Union Company (NYSE: WU), a leader in global payment services, announced today the company supports the White House decision to ease restrictions on money transfer services to Cuba.
“As a purpose-driven company, Western Union firmly believes in financial inclusion – giving individuals, families and businesses opportunities for economic growth worldwide,” said Western Union President and CEO, Hikmet Ersek.
“We have a long tradition of offering reliable money transfer services to the Cuban community both in the US and in Cuba and our company is poised to continue offering services to Cuba, consistent with regulations,” concluded Ersek.
Western Union has provided money transfer services from the U.S. to Cuba since 1999, in accordance with regulations under The U.S. Department of Treasury, Office of Foreign Assets Control (OFAC).
Western Union connects millions of senders and receivers worldwide, through a global network of more than 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks. Consumers can also send money via WesternUnion.com in select markets.
In 2013, alone, Western Union completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment 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 of September 30, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.westernunion.com.