Western Union Fights Revenue Slump With Stablecoin Card
By PYMNTS
AI summary of the source article
Western Union is investing in digital capabilities, artificial intelligence, and stablecoins to drive growth while streamlining costs, CEO Devin McGranahan announced. The company's third-quarter revenue fell 2% year over year to $1 billion.
Key facts
- Western Union is investing in digital capabilities, artificial intelligence, and stablecoins while streamlining its cost structure.
- President and CEO Devin McGranahan shared the strategy during the company's third-quarter earnings call.
- Third-quarter revenue declined 2% year over year to $1 billion.
Source excerpt · PYMNTS
Western Union is investing in growth through digital capabilities, artificial intelligence and stablecoins even as it continues to streamline its cost structure, President and CEO Devin McGranahan said Wednesday (Nov. 4) during the company’s third quarter earnings call. Western Union’s revenue declined 2% year over year to $1 billion in the third quarter due to […] The post Western Union Fights Re…