Western Union 2011 Annual Report Download - page 5

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SHARED VALUE
AT WESTERN UNION
We believe access to financial services is a necessity.
Western Union moves money reliably and quickly to almost
every country—and we do it for extraordinary people
seeking a better life and businesses that generate jobs
and opportunity.
Remittances contribute to economic stability around the
world, by serving as a critical source of foreign capital in
many countries. Western Union is a leader in this $416
billion annual cross-border flow1 of resources, completing
226 million consumer-to-consumer transactions worldwide,
moving $81 billion of principal between consumers, and
completing 425 million business payments in 2011.
Around the world, Western Union is at the intersection of
emerging markets, unmet financial needs and rapidly-
evolving technologies. For example, we’re partnering with
telecommunications companies to offer mobile money
transfer services in far reaches of the world where financial
services weren’t previously available.
When we deploy new ways to send and receive funds—like
mobile money transfers—we connect people with economic
opportunity. At the same time, we expand our reach with
customers. Western Union’s innovative services contribute
to our financial strength and promote the financial well-
being of the people and businesses we serve. It’s shared
value in action.
Our business changes lives for the better. So does the
Western Union Foundation: since 2001, the Foundation has
granted $78 million to more than 2,000 nonprofit, nongovern-
mental organizations in more than 100 countries. Through
these funds and employee volunteers, we support education
that prepares people to enter the workforce; entrepreneurship
programs that create jobs through small business mentoring
and microloans; and financial literacy programs that help
people convert wages to wealth for a better future.
We also contribute vital money where and when it’s needed
most. For example, since the 2010 earthquake, the company
and Foundation have provided more than $7 million in
grants and in-kind support for Haitian recovery.
Western Union helps improve millions of lives around
the globe, facilitates the global economy and moves money
for better.
1AITE, “Cross-Border Consumer Money Transfers: An Update” July 2011
Aiding Disaster
Recovery
Educating the
Next Generation
Helping Small
Business Thrive
3