Western Union SWOT Analysis, Competitors & USP
SWOT analysis of Western Union analyses the brand by its strengths, weaknesses, opportunities & threats. In Western Union SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Western Union to benchmark its business & performance as compared to the competitors. Western Union is one of the leading brands in the banking & financial services sector.
The table below lists the Western Union SWOT (Strengths, Weaknesses, Opportunities, Threats), top Western Union competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
| Western Union Brand Analysis | |
|---|---|
| Parent Company |
Western Union Company |
| Category |
Financial Institutions |
| Sector | |
| 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 |
| SWOT Analysis of Western Union | |
| Western Union Strengths |
Below are the Strengths in the SWOT Analysis of Western Union: 1. Presence in over 200 countries & around 150 years of experience 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 |
| Western Union Weaknesses |
Here are the weaknesses in the Western Union SWOT Analysis: 1. High dependence on technology means huge investments |
| Western Union Opportunities |
Following are the Opportunities in Western Union SWOT Analysis: 1. Can form strategic alliance with money providers to benefit each other |
| Western Union Threats |
The threats in the SWOT Analysis of Western Union are as mentioned: 1. Global downturn affects its workings |
| Western Union Competition | |
| Western Union Competitors |
Below are the top 6 competitors of Western Union: 1. Currency Solutions 4. UK Forex 5. Travelex 6. Halo |
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Western Union. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
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