“Part of the intention of the spin-off is to allow Western Union to focus on the consumer rather than the businesses that First Data focuses on, and it would also give First Data greater access to capital.”
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“The migrant worker is the worlds last untapped consumer segment, because they are conservative savers, and yet move around and dont get respect from banks. Thats the market we look at, and the runway for growth in Asia is huge.”
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“Of those migrants, the World Bank estimates that about 66 million are sending money in and out of Asia -- they process about $50 billion in transfers outside the region. Id be happy to get a bigger portion of those flows.”
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