Western Union growing online

Investor's Business Daily

The money transfer and payments processing company said it expects revenue from its digital businesses to grow to $500 mil by '15, up from $150 mil now. Western Union (WU) CEO Hikmet Ersek told reporters that while digital business is only about 3% of its total $5.6 bil revenue, it's the fastest growing segment. Ersek said he didn't expect any major acquisitions in that time. Shares rose 1.1% to 17.13.

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