The Western Union Company, headquartered in Denver, Colorado, is an American multinational company that offers financial services.
Founded in 1851, Western Union was initially called the New York and Mississippi Valley Printing Telegraph Company. Still, it changed its name to the Western Union Telegraph Company after merging with a competitor. The company dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of services related to wire money transfer. Its core business was, of course, the transmittal of text.
After experiencing financial difficulties, Western Union began to move its business away from communications and, more importantly, its money transfer services. That’s all it was then – a service for transferring money quickly and efficiently. But people are beginning to realize that this company has much more depth than just this market, and the company is poised for great things in technological innovation. The company, called “Cash Europe,” which is currently the second-largest money transfer provider globally, had its operations ceased entirely in 2006 and has now begun to launch new ventures.
Does Western Union Take Apple Pay for Money Orders
Western Union’s new app can send money using Apple Pay.
The new app, which is available for iOS and Android, has a sleek interface that makes it easy to send money from your bank account to friends and family.
The Pros & Cons of Using Western Union and Apple Pay for Sending Money
Western Union and Apple Pay are two popular ways to send money. However, Western Union is a centralized service, whereas Apple Pay is mobile-based.
The Pros: Western Union has been around for over 130 years, proving it is a reliable service.
Apple Pay is also very convenient and easy to use.
The Cons: Western Union takes up to 5 days to process transactions, while Apple Pay takes 3 days.