Western Union Announces Relief Following Typhoon Mangkhut
September 19 2018 - 7:00AM
Business Wire
To support communities most affected by Typhoon Mangkhut in the
Philippines, Western Union, a leader in cross-border,
cross-currency money movement, today announces a multi-faceted
response to provide relief. In total, contributions from Western
Union, the Western Union Foundation, Agents and employees through
this comprehensive effort could total up to USD $275,000.
“Flooding and landslides from the typhoon have caused
significant damage and loss of life,” Vice President and Head of
the Western Union Foundation, Elizabeth Roscoe said. “As an
organization, we are committed to supporting immediate relief and
sustainable rebuilding for communities in crisis. Over the coming
weeks we will work with Western Union Agents, employees and the
International Federation of Red Cross and Red Crescent Societies to
help the communities recover.”
Western Union has committed USD $50,000 and the Western Union
Foundation has pledged USD $30,000 to the International Federation
of Red Cross and Red Crescent Societies. The Western Union
Foundation will also provide a 1:1 match of qualifying
contributions from participating Western Union Agents, up to USD
$75,000 and a 2:1 match from contributions made by Western Union
employees up to USD $15,000. To date, Agents participating in the
1:1 Agent match include: Universal Storefront Services Corp.,
Perahub, eBusiness Services Inc., and Direct Agent 5 Inc.
Western Union has a long history of being one of the lifelines
for communities in need. In many instances, Western Union has been
one of the few ways for people around the world to receive funds
easily, with services available† when other infrastructure have
been severely impacted.
Western Union and the Western Union Foundation were at the
forefront of major natural disaster relief efforts, including
Hurricane Maria in Puerto Rico, Hurricane Harvey in Texas and
Hurricane Florence in the Carolinas. Since 2001, the Western Union
Foundation has donated more than USD $17 million for disaster
relief, to aid 180 disasters in 80 countries around the world. Last
year, the Western Union Foundation responded to 13 disasters around
the world.
†Due to the severity of Typhoon Mangkhut, some Western Union
Agent locations may not be immediately operational or possess
sufficient funds.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of June 30,
2018, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2017, is available in 45 countries
and territories to move money around the world. In 2017, we moved
over $300 billion in principal in nearly 130 currencies and
processed 32 transactions every second across all our services.
With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
About the Western Union Foundation
The Western Union Foundation believes that education is one of
the surest pathways to economic opportunity. Through collaborations
with NGOs around the world, the Foundation has embarked on a
five-year mission to connect 50,000 migrants, refugees, women and
young people to the global economy through demand-driven skills
training and workforce enablement programs by 2020. The Foundation
also offers a global scholarship program that helps put a
post-secondary education in reach for in-need students studying in
the STEM fields and business. To date, more than $117 million has
been given to fund projects affecting more than 800,000 people in
137 countries across the globe, including humanitarian relief for
communities in crisis. The Western Union Foundation is a separate
charitable corporation that is tax-exempt under 501(c)(3) of the US
Internal Revenue Code, and receives support from The Western Union
Company, its employees, agents and business partners. Contributions
to the Foundation are tax-deductible for US income tax purposes. To
learn more, visit www.westernunionfoundation.org or follow us on
Twitter @TheWUFoundation.
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version on businesswire.com: https://www.businesswire.com/news/home/20180919005100/en/
Western UnionRachel Rogala,
+1-303-808-2674Rachel.Rogala@wu.com
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