The Western Union Co. (WU) said on Thursday that it renewed its agreement with the Postal Savings Bank of China (PSBC) to provide Western Union Money Transfer services in China.   The renewal will help Western Union to continue its Money Transfer services through more than 20,000 locations of Postal Savings Bank in China.   Postal Savings Bank is a leading bank in China and since 2001 it has been a Western Union Agent. The Western Union management expects the renewal to drive results for Western Union from Postal Savings Bank’s network across urban and rural China.   Along with its Vigo, Orlandi Valuta and Pago Facil branded payment services, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders.   Western Union’s third-quarter earnings of 33 cents per share were ...

The Western Union Company (NYSE: WU) shares are on the rise – up 15% in the last 3 months. The debt markets are in a panic, and the mortgage industry has all but evaporated like the foam in your freshly poured beer. But money-transfer kingpin Western Union scoffs at the rest of the pitiful companies in the financial sector. Here’s why WU’s biggest growth segment is International. In fact, International revenue and volume surged 19% in Q1, helped by rapid growth in China and India and improved business in Mexico. Also, Management bought back 14 million shares for nearly $300 million during the quarter. In 2007, the company spent a crazy amount of money - purchasing more than $700 million worth of ...