In a continuous effort to better serve the small business
owners of America,
Western Union Co.
) has announced a special international payments service. This
facility will be provided in partnership with
This innovative international payments service is for the
small and medium enterprises. The service will be provided via
Western Union's unit called Business Solutions. The unit, which
primarily provides services for small and medium enterprises, is
constantly innovating and coming up with new products and
All the SMEs that are members of MasterCard Business Network
are eligible to avail the service. The service will be
particularly useful for the SMEs when other options of payments
such as credit card or business card limit are not available.
Western Union is specially focused on serving the SME sector,
as it constitutes the major part of the U.S. market and
contributes significantly to the national income.
The company sees the SME market as an attractive growth
opportunity. It expects a sizeable growth in the number of SMEs
in the future, aided by the U.S. Government's impetus to promote
their establishment, to secure wealth creation and employment
opportunities. Western Union thus remain focused on widening its
presence and capitalizing on the opportunity offered by this
market, thereby perking up its growth profile.
Western Union is also aggressively seeking to serve SMEs
outside the U.S. The company has rolled out a number of services
for SMEs in London, France, Germany, Ireland and Italy, Middle
East and many other places around the world.
Western Union foresees a huge opportunity in the global SME
market, which is comparable in size with that of the cross-border
Moneygram International Inc.
) also provides service to SMEs around the world.
Western Union currently retains a Zacks #3 Rank
Other player -
Watchers International, Inc.
), with Zacks Rank #2 (Buy) looks attractive.
MASTERCARD INC (MA): Free Stock Analysis
MONEYGRAM INTL (MGI): Free Stock Analysis
WEIGHT WATCHERS (WTW): Free Stock Analysis
WESTERN UNION (WU): Free Stock Analysis
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