Western Union - Company Profile
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Western Union Competitors
| Competitor | Headquarters | No. of Employees | Revenue | Entity Type |
|---|---|---|---|---|
MoneyGram International | Dallas, Texas, USA | 3,300+ | $1.2B | Public |
PayPal Holdings, Inc. | San Jose, California, USA | 29,500 | $25.4B | Public |
TransferWise (now Wise) | London, England, UK | 2,300+ | $422M | Private |
Remitly, Inc. | Seattle, Washington, USA | 1,000+ | $252M | Public |
Zelle | United States of America | N/A | $1.8B | Joint Venture |
Revolut | London, England, UK | 6,000+ | $1.2B | Private |
WorldRemit | London, England, UK | 1,000+ | $150M | Private |
Xoom (A PayPal Service) | San Francisco, California, USA | N/A | $300M | Public |
Skrill | London, England, UK | 1,000+ | $300M | Private |
Alipay | Hangzhou, China | 3,000+ | $17.6B | Public |
Venmo | New York City, New York, USA | 400+ | $900M | Subsidiary |
Cash App | San Francisco, California, USA | 1,000+ | $1B | Subsidiary |
SCB Easy | Bangkok, Thailand | 3,800+ | $600M | Public |
SoFi Relay | San Francisco, California, USA | 1,100+ | $450M | Public |
Payza | Montreal, Canada | 50+ | N/A | Private |
Overview of Western Union's competitor analysis
Western Union faces competition from several key players in the money transfer and financial services industry. Major competitors include MoneyGram, PayPal, and TransferWise, all of which have established a significant presence in various markets. Enterprises like Revolut and WorldRemit leverage digital-first strategies, targeting younger customers and delivering lower transaction fees. As a market leader, Western Union must navigate this competitive landscape by emphasizing its extensive network, brand trust, and innovative services to maintain its position against rapidly growing digital challengers.
What are Western Union's key strengths compared to competitors?
FAQs
MoneyGram International
PayPal Holdings, Inc.
TransferWise (now Wise)
Remitly, Inc.
Zelle
Revolut
WorldRemit
Xoom (A PayPal Service)
Skrill
Alipay
Venmo
Cash App
SCB Easy
SoFi Relay
Payza
Overview of Western Union competitor analysis
Western Union faces competition from several key players in the money transfer and financial services industry. Major competitors include MoneyGram, PayPal, and TransferWise, all of which have established a significant presence in various markets. Enterprises like Revolut and WorldRemit leverage digital-first strategies, targeting younger customers and delivering lower transaction fees. As a market leader, Western Union must navigate this competitive landscape by emphasizing its extensive network, brand trust, and innovative services to maintain its position against rapidly growing digital challengers.