Digital remittances to Mexico overtake cash for first time [Los Angeles Times (CA)]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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Source: Los Angeles Times
The fees were so steep she sometimes had to borrow money to pay them. These days, Fonseca sends money home using Felix Pago, a WhatsApp-based digital app. “It's so much better because it's cheaper, instantaneous and I don't have to leave my house,” said the 60-year-old who operates rental properties in Houston. “Now I can send money from my bed.” Fonseca is part of a broader transformation in how migrants in the US send money to Latin America. Policy changes and shifting demographics are accelerating the move to digital transfers, which overtook cash in the US-to-Mexico remittance corridor for the first time in 2025, according to Mexico's central bank. The move away from cash — where senders and recipients use physical pickup locations — is reshaping an industry long-dominated by traditional companies like The Western Union Co. and Moneygram International Inc. As migrants turn to apps or bank transfers to send money to Latin America and the Caribbean, fintech firms like Felix
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WU
Earnings
- 2/20/26 - Beat
WU
Sec Filings
- 3/17/26 - Form 4
- 3/17/26 - Form 3
- 3/16/26 - Form 8-K
- WU's page on the SEC website