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0 0 0.000374953130858568 0.000749906261717269 0 0.00224971878515181 0.00224971878515181 -0.00262467191601051
Stock impact report

Western Union (WU) Restores Remittance Services to Cuba [Yahoo! Finance]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Services were paused since Jan 28, shortly before a Cuban official declared a cybersecurity incident that impacted Cuba's electronic payment systems. No specific cause of the technical issues was shared. Western Union collaborated with its processing partner Orbit S.A. to reinstate the services, which are essential for the country's economy. Customers in the United States will have the capability to send up to $2,000 in a single transaction from any of its retail location. They can also use remittance services online or via WU's mobile app. The money can be transmitted to their families in Cuba who hold accounts at Banco Popular de Ahorro, Banco Metropolitano S.A., and Banco de Crédito y Comercio (Bandec). Receivers of the remittance services can get the money on the same day, irrespective of holidays and weekends. This is expected to greatly benefit consumers, as alternative money-changing services are frequently more expensive. Western Union reintroduced remittances to the isl Show less Read more
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