Migrants hit by high fees to send money home [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
In Kampala, Uganda, where Mr Mbokani has lived for 16 years, he first has to buy US dollars. To convert approximately $100 (£80) worth of Ugandan shillings would cost almost $3, he reports. He also adds the withdrawal fee of $7, so that his mother doesn't incur a fee when receiving the money. He sends these remittances through mobile money, usually phone-based digital transfers, rather than through a physical location like a bank, post office, or Western Union-style money transfer company. In real terms 10% of the amount could be eaten up in fees. Mr Mbokani, the chief executive of the Refugee-Led Organization Network (Relon), knows he's far from alone. One target of the UN Sustainable Development Goals is that by 2030, remittance fees should be less than 3%, and total fees to send and receive money between a pair of countries should be no more than 5%. Some researchers believe that to be truly affordable, the first goal should be even less than 3%. The International Moneta
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WU
News
- Western Union (WU) is a Top-Ranked Value Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Western Union to Present at Bernstein Strategic Decisions Conference on May 29Business Wire
- Here is What to Know Beyond Why The Western Union Company (WU) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- Criminal gangs, profiteers thrive in Gaza as cash shortage worsens misery [Reuters]Reuters
- Why AI Will Boost Demand For Cybersecurity Talent [Forbes]Forbes
WU
Earnings
- 4/24/24 - Beat
WU
Sec Filings
- 5/8/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 10-Q
- WU's page on the SEC website