Western Union Competitors and Similar CompaniesClear all

Western Union's competitors and similar companies include Wise, Flywire, American Express, PayPal and MoneyGram.

	Western Union The Western Union is a global provider of money movement and payment services for consumers and businesses.	Wise Wise (formerly known as TransferWise) is a financial technology company that provides money transfer and online currency exchange solutions.	Flywire Flywire (formerly known as peerTransfer) is a company that develops payment software.	American Express American Express is a company that provides payment solutions.	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 2011	Founding Date 2009	Founding Date 1850	Founding Date 1998	Founding Date 1940
Type	Type Public	Type Public	Type Public	Type Public	Type Public	Type Public
Tags	Tags Financial Services exchange fintech money transfer payments	Tags Technology financial management fintech money transfer platform	Tags Technology enterprise software fintech payments platform	Tags Financial Services insurance life insurance 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 London, GB HQ Melbourne, AU Sydney, AU Sydney, AU Brussels, BE Brussels, BE São Paulo, BR see more	Locations Boston, US HQ Sydney, AU Toronto, CA Shanghai, CN Tel Aviv Yafo, IL Tokyo, JP Cluj Napoca, RO see more	Locations New York, US HQ Buenos Aires, AR Melbourne, AU Vienna, AT Seef, BH Brussels, BE Toronto, CA 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 6,000	Employees 1,00050% increase	Employees 75,10017% increase	Employees 27,2009% decrease	Employees 2,43617% decrease
Valuation ($)	Valuation ($) 4 b	Valuation ($) 96.2 m	Valuation ($) 2.2 b	Valuation ($) 191.2 b	Valuation ($) 73.6 b	Valuation ($) 1.1 b
Financial
Revenue (est.)	Revenue (est.) $4.2b (FY, 2024)	Revenue (est.) £1.1b (FY, 2024)	Revenue (est.) $492.1m (FY, 2024)	Revenue (est.) $38.8b (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 £252.5m (FY, 2024)	Cost of goods N/A	Cost of goods N/A	Cost of goods N/A	Cost of goods $610.7m (FY, 2022)
Gross profit	Gross profit $1.6b (FY, 2024)	Gross profit £805.2m (FY, 2024)	Gross profit N/A	Gross profit N/A	Gross profit N/A	Gross profit $619.9m (FY, 2022)
Net income	Net income $934.2m (FY, 2024)	Net income £354.6m (FY, 2024)	Net income $2.9m (FY, 2024)	Net income $10.1b (FY, 2024)	Net income $4.1b (FY, 2024)	Net income $34.2m (FY, 2022)
Operating ⚠
Countries	Countries 200 (FY, 2022)	Countries 170 (FY, 2023)	Countries 240 (Q3, 2023)	Countries N/A	Countries N/A	Countries 200 (Q2, 2019)
Currencies	Currencies N/A	Currencies 40 (FY, 2023)	Currencies 140 (Q3, 2023)	Currencies N/A	Currencies 150 (FY, 2022)	Currencies N/A
Transactions	Transactions 70.6 m (Q2, 2023)	Transactions N/A	Transactions N/A	Transactions N/A	Transactions 6.5 b (Q1, 2024)	Transactions N/A
Funding
Total funding raised	Total funding raised N/A	Total funding raised $ 1b	Total funding raised $ 323.3m	Total funding raised N/A	Total funding raised $ 217m	Total funding raised $ 59m