Western Union profits up 18%

REVENUES at the main Irish arm of money transfer giant Western Union last year increased by 18% to $49.9 million (€34.5m), new accounts show.

Accounts just filed by Western Union International Ltd to the Companies Registration Office show that total revenues dropped by $120m from $2.633 billion to $2.513bn to the end of December.

The revenues generated by the Dublin registered company accounted for 50% of Western Union’s global revenues of $5.2bn last year.