Company Information

Get to know Western Union Business Solutions

Formerly a division of The Western Union Company, Western Union Business Solutions (WUBS) specialized in facilitating international B2B payments, foreign exchange (FX) services, and risk management solutions for corporations worldwide. Its services were designed to help businesses manage international transactions, hedge against currency fluctuations, and streamline mass payments. In August 2021, Western Union announced the sale of its Business Solutions division to Goldfinch Partners and The Baupost Group for approximately $910 million. The transaction was completed in 2022, and the entity was officially rebranded and now operates independently as Convera.

Industry

Financial PaymentPRIMARY
Financial Other Service
Financial Wealth Management

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Western Union Business Solutions

United States

Founded in

1992 (34 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.