What's the Strategic Value of Western Union's New Stores in Mexico?

Zacks12-12

The Western Union Company WU recently opened eight new branded stores in Mexico, making it the first international money transfer company to do so in the country. These owned locations are designed to...

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These owned locations are designed to...</p>\n\n<a href=\"https://finance.yahoo.com/news/whats-strategic-value-western-unions-131700265.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/whats-strategic-value-western-unions-131700265.html","article_id":"2491337537","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/h98j3jdcx1J3L90FNNylpQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/246f4e3568ef1a049c93a1fb07b3f749"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491337537","pubTimestamp":1734009420,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Western Union Company WU recently opened eight new branded stores in Mexico, making it the first international money transfer company to do so in the country. These owned locations are designed to provide a more direct, high-quality customer experience for individuals sending and receiving money.The locations offer a range of services, including cross-border money transfers to over 200 countries and the ability to send funds to bank accounts, mobile wallets or cash collection. The stores further expand Western Union's reach, complementing its existing agent network in Mexico.This move is part of Western Union's Evolve 2025 strategy, aiming to enhance customer access to its services while positioning itself closer to communities. The announcement comes at an opportune time as it coincides with the holiday season when remittance transactions traditionally increase.Western Union has a strong presence in Mexico, one of the top remittance-receiving nations. In 2023, inflows were recorde","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","BK4588":"碎股","BK4551":"寇图资本持仓","BK4596":"哈里斯概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","COIN":"Coinbase Global, Inc.","BK4600":"加密货币概念","DLO":"DLocal Limited","BK4112":"金融交易所和数据","BK4563":"昨日强势股","BK4539":"次新股","BK4516":"特朗普概念","WU":"西联汇款","BK4106":"数据处理与外包服务","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4554":"元宇宙及AR概念","CTLP":"Cantaloupe Inc.","BK4585":"ETF&股票定投概念","BK4227":"交易和支付处理服务","BK4595":"比特币概念"},"translate_title":"西联汇款在墨西哥的新店有什么战略价值？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WU":1,"DLO":1,"CTLP":1,"COIN":1},"content_text":"The Western Union Company WU recently opened eight new branded stores in Mexico, making it the first international money transfer company to do so in the country. These owned locations are designed to provide a more direct, high-quality customer experience for individuals sending and receiving money.\nThe locations offer a range of services, including cross-border money transfers to over 200 countries and the ability to send funds to bank accounts, mobile wallets or cash collection. The stores further expand Western Union's reach, complementing its existing agent network in Mexico.\nThis move is part of Western Union's Evolve 2025 strategy, aiming to enhance customer access to its services while positioning itself closer to communities. The announcement comes at an opportune time as it coincides with the holiday season when remittance transactions traditionally increase.\nPer the company, Mexican customers increase their transaction volume by nearly 10% in December compared to the previous month. As such, this move will better position WU to capture a larger share of the remittance market, which could lead to higher transaction volumes and revenues.\nWestern Union has a strong presence in Mexico, one of the top remittance-receiving nations. In 2023, inflows were recorded at more than $66 billion in the country, accounting for over 4% of its GDP. This is part of Western Union's broader plan to leverage its retail network as a growth gateway.\nBy opening these branded stores, WU can serve its customers directly, improving customer experience and loyalty, which will differentiate it from its peers in a highly competitive remittance market.\nPrice Performance\nWestern Union shares have declined 8.8% in the year-to-date period against the 22.3% growth of the industry it belongs to.\nImage Source: Zacks Investment Research\nZacks Rank & Key Picks\nWestern Union currently has a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the broader Business Services space are Coinbase Global, Inc. COIN, Cantaloupe, Inc. CTLP and DLocalLimited DLO. While Coinbase currently sports a Zacks Rank #1 (Strong Buy), Cantaloupe and DLocal have a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for Coinbase’s current-year earnings of $5.39 per share indicates a massive jump from the year-ago level of 37 cents. COIN beat earnings estimates in three of the trailing four quarters and met once, with the average surprise being 341.4%. The consensus estimate for current-year revenues is pegged at $5.6 billion, implying 80.6% year-over-year growth.\nThe Zacks Consensus Estimate for Cantaloupe’s current-year earnings indicates a 113.3% year-over-year surge. CTLP beat earnings estimates in two of the trailing four quarters, met once and missed on the other occasion, with the average surprise being 20%. The consensus estimate for current-year revenues implies 15.9% year-over-year growth.\nThe consensus estimate for DLocal’s current-year earnings is pegged at 47 cents per share, which witnessed three upward revisions in the past month against none in the opposite direction. It beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 22.6%. The consensus estimate for DLO’s current-year revenues is pegged at $745 million, implying 14.6% year-over-year growth.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Western Union Company (WU) : Free Stock Analysis Report\nCoinbase Global, Inc. (COIN) : Free Stock Analysis Report\nCantaloupe, Inc. (CTLP) : Free Stock Analysis Report\nDLocal Limited (DLO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491337537"}