Western Union SWOT Analysis, Competitors & USP

Western Union

Parent Company

Western Union Company

Category

Financial Institutions

Sector

Banking & Financial Services

Tagline/ Slogan

The fastest way to send money – worldwide

USP

One of the largest financial services company specializing in global money transfer

Western Union STP

Segment

Individuals, HNI’s, large firms and anyone looking for money transfer

Target Group

Individuals and large firms

Positioning

A firm with strong roots in past & rich experience in what it does – money transfer

Western Union SWOT Analysis

Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of Western Union. Strengths are:

1. Presence in over 200 countries & around 150 years of experience
2. Offers unique products more specifically across a single domain
3. P/E ratio of WU is higher compared to the industry average ie stock overvalued

4. The company has over 7000 people worldwide

5. One of the global leaders in Wire transfers and Money orders

6. Strong advertising and marketing has made the brand high on recall

7. The brand has actively sponsored events and sports team; and also supported military

Weaknesses

Here are the weaknesses of Western Union :

1. High dependence on technology means huge investments
2. Profit margin decline has been a concern

Opportunities

Following are the Opportunities of Western Union :

1. Can form strategic alliance with money providers to benefit each other
2. Can diversify to other domains by providing Banking and insurance services
3. Can develop cash less economies

Threats

The threats of Western Union are as mentioned :

1. Global downturn affects its workings
2. Uncertainty about the economic outlook & changes in the Govt. regulations
3.Introduction of substitute products

Western Union Competition

Competitors

Below are the 6 main Western Union competitors :

1. Currency Solutions
2. TOR Fx
3. Moneycorp

4. UK Forex

5. Travelex

6. Halo