Western Union Competitors and Similar CompaniesClear all

Western Union's competitors and similar companies include PayPal and MoneyGram.

	Western Union The Western Union is a global provider of money movement and payment services for consumers and businesses.	PayPal PayPal Holdings is a technology company that provides online payment solutions.	MoneyGram MoneyGram is a global financial technology company providing money transfer and payment services.
Founding Date	Founding Date 1851	Founding Date 1998	Founding Date 1940
Type	Type Public	Type Public	Type Public
Tags	Tags Financial Services exchange fintech money transfer payments	Tags Technology application software ecommerce fintech mobile app payments platform	Tags Financial Services fintech money transfer outsourcing payments
Locations	Locations Denver, US HQ Adelaide, AU Melbourne, AU Perth, AU Sydney, AU Wien, AT Wien, AT see more	Locations San Jose, US HQ Sydney, AU São Paulo, BR Toronto, CA Beijing, CN Shanghai, CN Paris, FR see more	Locations Dallas, US HQ Brussels, BE São Paulo, BR Vancouver, CA Shanghai, CN Hong Kong, HK Mumbai, IN see more
Employees	Employees 9,0001% increase	Employees 27,2009% decrease	Employees 2,43617% decrease
Valuation ($)	Valuation ($) 4 b	Valuation ($) 73.6 b	Valuation ($) 1.1 b
Financial
Revenue (est.)	Revenue (est.) $4.2b (FY, 2024)	Revenue (est.) $31.8b (FY, 2024)	Revenue (est.) $1.3b (FY, 2022)
Cost of goods	Cost of goods $2.6b (FY, 2024)	Cost of goods N/A	Cost of goods $610.7m (FY, 2022)
Gross profit	Gross profit $1.6b (FY, 2024)	Gross profit N/A	Gross profit $619.9m (FY, 2022)
Net income	Net income $934.2m (FY, 2024)	Net income $4.1b (FY, 2024)	Net income $34.2m (FY, 2022)
Operating ⚠
Countries	Countries 200 (FY, 2022)	Countries N/A	Countries 200 (Q2, 2019)
Transactions	Transactions 70.6 m (Q2, 2023)	Transactions 6.5 b (Q1, 2024)	Transactions N/A
Funding
Total funding raised	Total funding raised N/A	Total funding raised $ 217m	Total funding raised $ 59m