Is Western Union Safe
You’d believe me when I say people are much more interested in security and safety especially when their hard-earned money is involved. Everyone wants to get value for his/her money and also track the flow of their money.
Western Union is one of the world’s largest and leading MTP (Money Transfer Providers) in financial tech. They are headquartered in Englewood, Colorado United States.
They have a global presence with over 11,000 employees across offices in over 50 countries. It is fully licensed and highly authorized. Western Union offers service that allows people to send and receive money at their various locations. Their agents are present in over 200 countries with more than 550,000 territories around the world.
Customers can also send money to their loved ones across the world via the Western Union website and mobile app. Money can be transferred to several bank accounts, agent locations, and mobile wallets.
Money can also be received in over 125 currencies and several ways. Sending and receiving money options vary by country; in cash at an agent location, through an ATM, in a bank account or on a mobile wallet. One big advantage of Western Union over other Transfer Providers is that money sent is often available within minutes after the transaction is done.
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Their brand is recognized globally and characterized by speed, reliability, trust, convenience, and ease-of-use. They have a customer base of over 50 million. After a business year in 2017, Western Union boasted of about $300 billion, with an average of about 33 transactions per second.
Western Union is characterized by a state of the art regulatory, compliance and anti-money laundering infrastructure, into which it invests as much as possible into its marketing activities.
Proprietary and cutting-edge data analysis is what the company relies on to always keep up with the regulations of all the jurisdictions it operates in.
Why is Western Union Safe to Use?
· Western Union is fully licensed and authorized.
Western Union is a registered and licensed company. Transactions with and within the company are safe as it is authorized by the UK Financial Conduct Authority(FCA) with Firm Reference number: 502592. It is also regulated in many countries, including the US, Canada, Australia, New Zealand, Brazil and Ireland with various Financial Market Authority.
· Western Union has many positive customer reviews
Western Union has over the years been characterized by positive reviews from its users as they receive and enjoy maximum satisfaction from the service Western Union offers.
· Western Union is trusted by a very large number of customers
The customer base is another reason that shows the credibility of Western Union as the number of users increased exponentially due to the excellent and trusted service offered.
· Western Union has already transferred at least 5 billion USD for its customers
Over 5 billion USD has been transferred for their customers over the years with little or no hitch and this is accompanied by insignificant legal issues in the past years.
· Recognition in countless reputable media outlets
Western Union has received various recognition from different reputable media houses and outlets. This has increased its credibility for the safe transfer of funds around the world. Deciding to send and receive funds with Western Union is a good choice. There is no fear of losing money.
· Although Western Union has had a minor data breach in the past years,
they have been able to minimize breaches and attacks on their online servers.
Is Western Union Safe or not I hope you will get your answer.