Western Union Co

Western Union (NYSE:WU) stock rose 6.2% in pre-market trading at 5:38 AM ET today. The company plans to acquire MoneyGram International (NYSE:MGI).

While PayPal’s (PYPL) Venmo has been crushing its competition, PayPal recently launched Xoom’s
digital remittance service in 32 European markets.

Kenya is one of the African countries where Alibaba and Amazon are battling for e-commerce market share.

Early this month, PayPal (PYPL) raised the upper limit of the amount customers can send through its global remittance service, Xoom.

PayPal (PYPL) is gearing up to report its fourth-quarter earnings results after recently launching its international money transfer service, Xoom, in Canada.

Facebook (FB) is quietly developing a type of digital currency that will let people transfer money through its WhatsApp messaging platform.

PayPal (PYPL) has introduced its international money transfer service, Xoom, in Canada.

In a span of roughly two months during the second quarter, PayPal (PYPL) inked M&A (merger and acquisition) deals worth at least $2.7 billion.

The partnership with Uber to introduce Venmo as a payment option for riders is part of the efforts PayPal (PYPL) is making to both drive adoption of the mobile payment service and enlarge its monetization potential.

PayPal notes that it has 237.0 million active customers globally, and it generated $3.7 billion in revenues in Q1 2018—an increase of 24.0% year-over-year.

PayPal generated revenues of $3.7 billion in the first quarter, representing an increase of 24.0% year-over-year.

American Express (AXP) is covered by 31 analysts in March 2018. Two of them have given it a “strong sell” rating, and one is recommending “sell.”

Wall Street analysts have given a one-year price estimate of $191.40 for Mastercard.

Mastercard (MA) saw a year-over-year rise of 13.0% in its worldwide gross dollar volumes in 4Q17 on a local currency basis.

Mastercard (MA) generated total net revenues of $3.3 billion in 4Q17 compared to $2.7 billion in 4Q16.

Coinbase accepts crypto purchases using credit or debit cards, and it transfers a 4.0% credit card transaction fee to the buyer.

Mastercard’s (MA) 3Q17 profit margin stands at 38.7%.

In 3Q17, Mastercard (MA) reported cross-border volume fees of $1.2 billion, compared to $996 million in 3Q16, which implies a YoY rise of 15% on a currency-neutral basis.

Western Union (WU) recently announced that Apple Pay (AAPL) users would be able to use its platform for money transfers.

PayPal’s (PYPL) integration with online collaboration software Slack will allow people to send money to their peers without leaving the Slack platform.

Western Union benefited from hedge gains and cost savings that were offset by rises in technology expense and the negative impact of foreign exchange.

In 3Q15, the consumer-to-consumer segment comprised 80% of Western Union’s overall revenues. The segment’s revenues fell by 3% year-over-year.

On October 29, Western Union released its 3Q15 results with revenues of $1.39 billion, a 3% year-over-year fall compared to $1.44 billion in 3Q14.

The Technology Select Sector SPDR Fund (XLK) is the most liquid exchange-traded fund, or ETF, in the technology sector, with over 8 million shares traded per day.

Whatever the non-farm payrolls indicate, one thing is certain—slack in the labor market refuses to go away. The employment–population ratio and the labor force participation rate changed little in April.

The ADP NER (National Employment Report) showed that the private sector only added 169,000 jobs in April 2015—the lowest since January 2014.

Investor sentiment in the US was dampened by the weak April jobs report that was released May 6. The non-farm private payroll gained 169,000 jobs against median expectations of 200,000.

A positive US (SPY)(IVV) consumer confidence report boosted the stocks of consumer firms on March 31.