Is Western Union Making Money?

Last week I noted that The Western Union (NYSE: WU) is enjoying some rare market growth with the help of

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The Strange Relationship between Apple Pay and Western Union

The growth is driven by millennials who are more likely to use digital payment solutions such as Venmo and less likely to have traditional bank accounts or credit cards. These people can get through their days with electronic solutions and cash but still need to receive funds from home and send the occasional money order.

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