Western Union is one of the most well-known and highly regarded financial services companies in the world. However, despite the fact that the company has spent a considerable amount of time in the spotlight and under the scrutiny of the public eye, there are still some things that many people don’t know. With that in mind, here we present our list of things you probably didn’t know about Western Union. Well, what are you waiting for? Check it out for yourself below!
Number Ten: Western Union Handles 31 Transactions Per Second
In 2015, the company handled an impressive 31 transactions per second, on average. This includes online transactions and in-person transactions.
Number Nine: It Introduced the First U.S. Commercial Satellite
In 1974, the company made history. It brought the United States its very first commercial satellite.
Number Eight: It’s Improving the Economy in the Philippines
The funds handled at Western Union Agent locations in the Philippines are such that 85 new jobs can be created in the country’s local economy from just one location. Considering how many WU Agent locations there are, this has the potential to be incredibly beneficial.
Number Seven: It’s Helping Close the Gender Gap
More than 20 percent of the company’s board members are women. While this isn’t exactly a 50/50 split, it’s a significantly higher number than many other financial institutions.
Number Six: It Wasn’t Always Western Union
When it was founded in 1851, it was called the New-York and Mississippi Valley Printing Telegraph Company. The name was changed in 1856, and the new name represented a consolidation of telegraph lines in the Western part of the United States.
Number Five: It Holds a Special Dow Jones Honor
The company was one of the 11 original stocks in the Dow Jones Industrial Average. It was named so in 1884.
Number Four: It’s Responsible for the First Singing Telegram
We already mentioned that the company started out as a telegraph company, but what most people don’t know is that Western Union delivered the very first singing telegram! It delivered the telegram in 1933.
Number Three: It Has Over 100,000 ATMs
It’s true! The company has ATMs all over the world – more than 100,000 of them. This allows its consumers to send and receive money from literally anywhere.
Number Two: It Celebrates Its Consumers
The company’s website has a section called “Heroes” that includes personal stories of special customers. For example, Maria Genevieve Buncal is a Western Union customer who is working from Hong Kong but regularly sends money back to her home in the Philippines.
Number One: The WU Foundation Has Donated Over $100 Million
Since 2001, the company’s WU Foundation has given more than $104 million in 136 countries, making it a true pioneer in the practice of giving back. Thanks for reading!