The company provided a May update on the transaction trends for its C2C business
Western Union has revealed that in Q1 2020, the company faced significant declines in transactions for its C2C business due to the pandemic. Despite the late March and early April declines were nearly 30%, in mid-April, the rate began to improve.
Improvement in both retail and digital transaction trends continued during May, bringing the highest growth in a decade. According to Western Union’s data, within digital trends, transactions grew 39% in April and 51% in May.
We’ve reported that Western Union has announced the expansion of its Global Network for real-time money-movement to 50 more countries.