The Western Union Company and the Western Union Foundation Announces Renewed Commitment to Education; Aims to Train 50,000 Women and Youth

Building upon three years of “Education for Better” success,
company sets agenda through 2020

ENGLEWOOD, Colo.–(BUSINESS WIRE)–Today, the Western Union Company and the Western Union Foundation
renewed their commitment to global education at the Clinton Global
Initiative Annual Meeting (CGI).


Western Union CEO Hikmet Ersek laid out an agenda for the next phase of
the Education
for Better 
initiative
, which leverages Western Union® services,
advocacy, cause marketing, philanthropic investments and employee
engagement to support education programs worldwide.

In remarks given at the CGI Annual Meeting, Ersek outlined the following
global initiative goals over the next five years:

• to train 50,000 women and youth with job skills that prepare them for
21st century careers

• to serve 500+ universities with education-related products

• to support research to broaden global understanding of education
challenges and solutions

Furthering Western Union network as a powerful driver of inclusion, the
next phase of Education for Better will focus on
helping provide educational opportunities for migrants and refugees,
girls and women.

“Western Union helps people move the money that funds their dreams, and
we believe that moving money for education can improve lives around the
world,” said Western Union CEO Hikmet Ersek. “We are proud of the
progress made to-date through the Education for Better initiative,
but much work remains to be done. This is why we renew our pledge to
continue using our resources to help create economic opportunities
through education worldwide.”

The second
phase of the initiative
, announced today, builds upon the
significant success of the initiative’s first three years of operation.

Since 2012, Western Union and the Western Union Foundation have
contributed significant resources to provide opportunities for students,
teachers and administrators, higher education institutions, and NGOs. To
date and as part of the initiative, the Western Union Foundation has
pledged more than US$13.6 million across 331 Education for Better grants
and formal donations to 199 organizations in 64 countries.

Western Union Foundation President Patrick Gaston, added, “The need for
education is at the root of so many societal challenges we face
today—including poverty, homelessness, human trafficking, and the need
for better healthcare. We are grateful to our partners, our employee
volunteers, and all those who made Education for Better a
success in its first three years, and we look forward to even greater
progress in the years ahead.”

According to the United Nations, every additional year of schooling can
increase an individual’s annual income by up to 10 percent. If all
students in low income countries left school with basic reading skills,
it is estimated that 171 million people could be lifted out of poverty1.

About Western Union

The
Western Union Company
(NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of June 30, 2015, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 500,000 agent locations in 200 countries and territories and
over 100,000 ATMs and kiosks, and included the capability to send money
to millions of bank accounts. In 2014, The Western Union Company
completed 255 million consumer-to-consumer transactions worldwide,
moving $85 billion of principal between consumers, and 484 million
business payments. For more information, visit www.westernunion.com.

About The Western Union Foundation

The Western Union Foundation is dedicated to creating a better world,
where the ability to realize dreams through economic opportunity is not
just a privilege for the few but a right for all. Through its signature
program, Education for Better, and with the support of The
Western Union Company, its employees, Agents, and business partners, The
Western Union Foundation works to realize this vision by supporting
education and disaster relief efforts as pathways toward a better
future. Our combined social venture efforts make life better for
individuals, families and communities around the world. Since its
inception, The Western Union Foundation has paid more than $103 million
in grants and other giving. These funds have been pledged to more than
2,760 nongovernmental organizations in more than 136 countries and
territories. The Western Union Foundation, is a separate §501(c)(3)
recognized United States charity. To learn more, visit www.westernunionfoundation.org, or
Follow us on Twitter @TheWUFoundation.

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1 Education for All Resources, United Nations

Contacts

Western Union Media Contact:
Brad Jones,+1-720-332-1262
bradley.jones@westernunion.com