November 29, 2020
Business News

Western Union Advances Its Digital Growth Strategy With Investment in stc pay


DENVER–()–The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms of the transaction, Western Union will invest up to $200 million for up to 15% ownership of stc pay. In conjunction with the investment, the companies extended the terms of their commercial relationship.

stc pay has rapidly developed into a leading digital wallet service in Saudi Arabia, a young and quickly developing market which offers huge potential for…



Click here to view the original article.

Related Posts

You might also like ...

Western Union versterkt zijn positie als toonaangevend dienstverlener op het gebied van digitale internationale geldverzendingen
Cyber Monday Nikon D3500 Deals (2020): Best Nikon DSLR Camera Sales Listed by Saver Trends
GoPro Cyber Monday Deals (2020): Best HERO 9, HERO 8, Max & More GoPro Camera Savings Shared by Saver Trends