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A comment on Western Union admits to aiding wire fraud, to pay $586M. Parent comment

Re:Western Union admits to aiding wire fraud, to pay $586M by MarkCole on Tuesday January 24, 2017 @04:33AM (#13469948)
Hi there, enthusiastic and regular Transferwise user here.

I think the answer is that while Transferwise is a great product, Western Union serves a niche that Transferwise/PayPal/Web Startups aren't fulfilling. That is anyone even with low income can just go into a store and use it. No need for a bank account, a PC (even basic computer knowledge is not required which may hinder older people) or the internet.

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Re:Western Union admits to aiding wire fraud, to pay $586M by fastball on Tuesday January 24, 2017 @07:54AM (#13470905)
I don't know about everywhere else in the world, but these days it's not too hard to get a free bank account in either the US/UK.
[ Parent | on HN ]