How Amazon and Google Have Driven Western Union’s Business Forward

CNBC shares just how Western Union has transformed since it started out in 1851 as the New York and Mississippi Valley Printing Telegraph Co.; the company has continued to reinvent itself and is known internationally for their payments service which moved $300 billion in 2018; however, they face increasing competition from companies like MoneyGram, TransferWise and others; the company is now focused on building out areas of their digital business and recently partnered with TechStars to work with early-stage startups in the payments space; relationships with Amazon and Google have also helped keep the company thinking about the future of payments. Source

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