Quarterly revenue of Western Union 2009-2024
Western Union's quarterly revenue increased by nearly one percent in Q1 2024, the first quarter since 2023 with a positive growth rate. Remittances – cross-border money transfers, typically from migrants to family and friends back home – grew significantly during the coronavirus pandemic. They are forecast to keep growing after 2022 but at a slower pace than before. In 2022, the value of remittances worldwide amounted to an estimated 830 billion U.S. dollars.