EU proposes Turkey join SEPA to slash euro transfer costs – report [Yahoo! Finance]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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Source: Yahoo! Finance
Jurgis Vilcinskas, the bloc's chargé d'affaires in Turkey, said European Commissioner for Enlargement Marta Kos discussed the idea with Foreign Minister Hakan Fidan during her visit to Ankara on February 6. SEPA, a 41-country scheme, is designed to make cross-border euro payments cheaper, faster and more secure. The EU says candidates Albania, Moldova, Montenegro and North Macedonia, which joined last year, could save up to €500m ($575.7m). "SEPA could present a valuable opportunity to strengthen Turkiye's economic integration as a candidate country and a key trade and economic partner of the EU," Vilcinskas said. It could generate "significant savings annually for Turkish businesses, consumers and diaspora by making cross-border transfers in Euros as fast and as cheap as domestic ones," he added. A Turkish diplomatic source confirmed an offer had been conveyed and said the issue falls under the Finance Ministry, which has not commented. Ankara has not yet clarified its p
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WU
Earnings
- 2/20/26 - Beat
WU
Sec Filings
- 3/31/26 - Form ARS
- 3/31/26 - Form DEFA14A
- 3/31/26 - Form DEF
- WU's page on the SEC website