Western Union - Case Study
[Financial Institutions & Electronic Money Transfer]
WESTERN UNION has been for over 140 years now a pioneer in the Financial Services industry, focusing on speed, reliability and the direct service concerning sending and receiving money globally. As a Leader in Money Transfer Enterprise, Western Union transfers billions of U.S. $ annually all around the world. Western Union was founded in 1851 and since 1992 is represented in Athens by «Christopher Varvias & Associates S.A.».
The Money Transfer Application operating in WESTERN UNION is an Integrated Solution, aiming at the fastest, safest and easiest Money Transfer procedure internationally. Usually it executes more than 22 million transfer transactions annually, transferring in other words more than 7 billion US $. Western Union has millions of satisfied customers globally, who take advantage of the Company’s automated Real-Time services.
The fully automated Network of Western Union is able to allocate available cash amounts to the recipient at any Western Union Agent internationally. Any Agent can provide the money encashment, as the Sender is not obliged to designate a specific Agent geographically. The service doesn’t require a bank account, to be a member of the organization or the transfer of a minimum amount. The Agents via the fully automated Transaction Network can send or receive money within a few minutes. Western Union has been a Leader in Money Transfer trade for over 140 years now.