Contributing Member of the Financial & Business Services Councils

Names and details of certain GLG News authors are available only to GLG Clients and Council Members. GLG News authors are subject-matter experts within the GLG Councils and are available for expert consulting - by phone, in-person, or written analysis. To find out how to become a GLG client or Council Member, click here.

GLG News by this Author

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

Money Transfer Market Leader Western Union Sets Industry Tone with Solid Earnings

April 24, 2008

Analysis of:Western Union 1Q profit rises 7 percent on international | biz.yahoo.com

Western Union's Q1 Earnings Report demonstrates the global breadth and reach expected from the money transfer market leader. --Its non-US generated transactions were up 29% --Growth in remittances to two largest recipient markets--India (52%) and China (35%)--continue to impress. The broad-based growth in overseas markets indicates WU's ability to be less dependent on the traditionally strong US-Mexico corridor. --CEO Christina Gold acknowledges "its not a fast-growing corridor any more." Moreover, the nascent Canada-Mexico corridor--showing the high double digit increase common to a smaller transaction base--epitomizes the benefits accruing to companies operating in countries with an effective Guest Worker program. The increase in Canada-Mexico volume is in part due to the inability of the US to formulate its own immigration policy i.e. a classic supply/demand model.

Page : 11 to 1 of 1

Subscribe to Updates

By RSS