Western Union is the world's leading international money transfer company, founded in 1851 and headquartered in Englewood, Colorado. It offers a wide range of solutions for businesses and consumers to send and receive money globally. Customers can transfer funds through a mobile application or via a network of approximately 600,000 agents worldwide. In 2023, Western Union facilitated over 270 million transactions, underscoring its significant presence in the money transfer industry. Additionally, Western Union Business Solutions provides services for companies to manage payments and control transaction flows, enhancing the financial operations of businesses across various sectors.
STC Pay is a digital payment application based in Riyadh, Saudi Arabia, and is a fully owned subsidiary of Saudi Telecom Company. The platform offers a secure digital wallet that enables users to make online payments, transfer funds, and conduct transactions with participating retailers using smartphones and other smart devices. STC Pay aims to address everyday payment needs by providing a safe and convenient solution for both online purchases and in-store transactions.
StoreCash provides the only solution for the unbanked to request, receive and instantly use funds on a mobile device without needing a bank account. They do this by partnering with merchants to utilize closed loop technology. StoreCash is currently working towards a pilot with Western Union to provide WU users with the opportunity to give money senders a free option, meanwhile the merchant oversees the transaction fees.
Walletron, Inc. provides a platform that enables enterprise clients to automate the entire life cycle of distributed wallet items. Its portfolio includes cloud-based solutions, such as Walletron moBills, a solution that allows billers to open a new payment and presentment channel in a centralized location on smartphones; and Walletron Loyalty solution, which enables to systematically maintain a branded presence on customers' mobile devices, notify customers within close proximity to their locations, send instant over-the-air updates, gather real-time performance data, and leverage built-in segmentation to push highly-targeted content to the right individuals at the right time.
Digital Currency Group (DCG) is a corporate venture capital investment firm based in New York City, focused on building and supporting companies in the bitcoin and blockchain sectors. Established in 2015, DCG has made over 150 investments across more than 30 countries, targeting firms in financial technology, decentralized finance, and web3 infrastructure, among other areas. The company also owns and operates several key entities within the industry, including CoinDesk, a leading media and events platform, Genesis Trading, a prominent bitcoin brokerage firm, and Grayscale Investments, the largest digital currency asset management firm. Through its investments and operations, DCG aims to foster innovation and growth within the digital currency ecosystem.
Travelex is the world's largest foreign exchange specialist, operating nearly 800 retail branches across more than 26 countries. The company is strategically located at key airports, seaports, rail stations, and tourist sites, ensuring accessibility for travelers. With over 40% of global travelers—approximately 1.7 billion passengers annually—passing through airports where Travelex operates, the company plays a significant role in the foreign exchange market. Every hour, Travelex serves more than 2,000 customers, facilitating currency exchange transactions. In addition to its core currency exchange services, Travelex Deutschland also offers travel insurance and currency trading services, further expanding its financial offerings to meet the needs of travelers.
Travelex Global Business Payments
Acquisition in 2011
Travelex Global Business Payments Limited provides business-to-business payment products and solutions.
Speedpay is a provider of electronic bill presentment and payment solutions based in the United States. Established in 1989 and later acquired by Western Union in 2002, it became part of ACI Worldwide in 2019. The company specializes in offering electronic and cash bill payment services across various sectors, including utilities, auto finance, mortgage, insurance, and government. Speedpay is committed to assisting businesses in improving payment collection by delivering customized payment solutions that tackle specific business challenges. This focus on efficiency ultimately helps clients save time and money.
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