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Quarterly net income of Western Union 2017-2024
Western Union's net income decreased by nearly six percent year-on-year in Q1 2024, although the quarter-to-quarter figure did increase. The money transfer company is investing in a new technology and marketing strategy called “Evolve 25” as of 2023. Remittances – cross-border money transfers, typically from migrants to family and friends back home – are forecast to keep growing after 2022 but at a slower pace than before.