Writer Raju Rathore last month wrote about Western Union for Hacker Noon, and Rathore noted that Western Union saw their digital money transfer business grow 38% in 2020, to over $800M and 77% in the first quarter of 2021.
Rathore said the gains can be attributed in part to “the enormous international payments network that Western Union has built over the course of many decades and its recent strategic tech investments and partnerships.”
Further, he said that the future looks primed for even more growth in money transfers, post-pandemic.
“More and more customers are beginning to realize that they can completely bypass the physical space and operate solely in a digital manner,” he said. “Western Union already sees that 1 in 5 transactions are occurring in a purely digital manner.”
This article was written by Raju Rathore and originally published on Hackernoon. A subscription may be required.
