Will Venmo replace Western Union?

Most likely not. Venmo is US concentric, whilst Western Union is available pretty much all around the globe. The problem that the two solve are inherently different. It is very unlikely for Venmo to achieve a global status of what WU has. For that to happen, Venmo would have to become a household name like […]

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Can you receive Western Union without a tracking number?

Two scenarios: You’ve misplaced or forgotten the tracking number, in which case, the tracking number can be provided to you by the person sending it. In certain countries, you might be able to pick up the money without the MTCN, but you would have to call WesternUnion. Source: Pick Up Money – Receive a money transfer at Money […]

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Can I pick up a MoneyGram transfer sent to me via Western Union?

No, you cannot. Western Union and MoneyGram are two separate payment systems. They are not interoperable in the sense that you can send a payment from one system and pick it up on the other end. Previously, in the world of exclusive arrangements, an establishment could only choose one, MoneyGram or Western Union. In many […]

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Why do we continue using expensive payment processors like PayPal and WU when there are inexpensive alternatives?

Brand Recognition: Which implies Trust and Network Outreach. Both Western Union and PayPal are large brands. Their brand signifies that a lot of people are well-versed with the name and procedures associated in sending/receiving money with these brands. There may be inexpensive alternatives, but that doesn’t mean, they are excellent as far as network outreach is concerned, […]

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