Western Union

Remittance giant Western Union struck a deal with operator Saudi Telecom Company (STC) to buy a 15 per cent stake in its mobile payment platform for $200 million.

Remittance giant Western Union became the latest name linked with a buyout of rival MoneyGram, which has been the subject of numerous acquisition attempts in the last four years. Bloomberg reported Western Union had made an offer for the company.

Money transfer company Western Union agreed a deal to make instant payments into accounts held with Bharti Airtel’s banking service in India and mobile wallets run by the operator’s Africa subsidiary.

Remittance giant Western Union and Telenor-owned Malaysian wallet company Valyou inked an agreement to increase the mobile payment brand’s international transfer destinations.

International remittance giant Western Union inked a deal with financial technology company Thunes to improve its abilities to send funds to mobile wallets in emerging markets.

Western Union launched its mobile application in Singapore, part of an ongoing drive to expand the reach of its digital operation. In a statement, Western Union described Singapore as a “major hub” for remittance in the region, with $6.

Western Union and four other companies agreed to significantly improve the security of their mobile apps, following a challenge by authorities in New York.