CNBC shares just how Western Union has transformed since it started out in 1851 as the New York and Mississippi Valley Printing Telegraph Co.; the company has continued to reinvent itself and is known internationally for their payments service which moved $300 billion in 2018; however, they face increasing competition from companies like MoneyGram, TransferWise and others; the company is now focused on building out areas of their digital business and recently partnered with TechStars to work with early-stage startups in the payments space; relationships with Amazon and Google have also helped keep the company thinking about the future of payments. Source
