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Western Union : & Western Union Foundation Give $125,000, Fee-Free Transfers in Wake of Philippines Disasters

01/17/2020 | 01:02pm EDT

Today, Western Union (NYSE: WU) and the Western Union Foundation announced a package of relief efforts for the Philippines following the Taal Volcano and Typhoon Phanfone (Ursula). The aid will be directed to International Medical Corps to support relief efforts and disaster preparedness training in the Philippines. Additionally, Western Union is waiving fees on consumer money transfers from 14 countries to the Philippines at and through the Western Union® mobile app between Jan. 17 – 24, 2020 using the promo code: WURELIEF.

“Western Union is committed to supporting our Filipino customers, employees and agents who have been displaced during this time of uncertainty,” said Khalid Fellahi, President, Global Head Consumer Money Transfer.

On January 12, the Taal Volcano erupted, resulting in a Level 4 alert, warning that a hazardous explosive eruption is possible within hours or days. More than 200 volcanic earthquakes have been recorded in the region since Sunday. Nearly 460,000 people reside within the danger zone.

The eruption came as Filipinos were still reeling from Typhoon Phanfone, which made landfall in Eastern Samar of the Eastern Visayas region at 4:45 p.m. local time on December 24. A Category 2 typhoon, Phanfone affected more than 2.8 million people and displaced more than 145,000. Heavy rains and strong winds damaged more than 400,000 homes and 30 health facilities, and brought sustained flooding and power outages in more remote and rural areas.

As the Western Union Foundation’s 2020 Disaster Relief Preparedness Partner, International Medical Corps will receive a grant focused on preparedness training for local frontline health workers, officials and community members in the Philippines through its ‘Building Resilient Communities in the Philippines’ program.

“The Western Union Foundation is committed to assisting the Philippines before and after disasters strike,” said Elizabeth Roscoe, Western Union Foundation Executive Director and Western Union Head of Corporate Brand & Purpose. “We are proud to partner with International Medical Corps to address disaster preparedness in 2020, and deeply appreciate its hard work and dedication to helping the people of the Philippines rebuild their lives in the wake of Typhoon Phanfone and with the uncertainty around the Taal Volcano.”

International Medical Corps’ team has deployed to assess the impact of Typhoon Phanfone in some of the most heavily affected areas, including Western and Eastern Samar, and Biliran of the Eastern Visayas. The team is focusing on addressing gaps in water, sanitation and hygiene, as well as providing relief supplies to typhoon-affected women, men and children.

The ‘Building Resilient Communities in the Philippines’ program will include:

  • Hazard, Mitigation and Disaster Risk Reduction Workshop: Identifying vulnerabilities and hazards impacting the community, developing responsive risk mitigation planning, including the use of rapid digital communications tools
  • Basic Life Support and First Aid Training: Utilizing the Philippines Department of Health curriculum to provide first responder skills training to help stabilize individuals facing injury

“The Western Union Foundation’s commitment to disaster preparedness and relief is critical for International Medical Corps to reach the families most in need in the Philippines. It will not only help our teams address the humanitarian needs following Typhoon Phanfone, but also will build resilience in the face of future emergencies through training,” said Nancy Aossey, International Medical Corps President and CEO.

International Medical Corps works to relieve suffering of those affected by war, natural disaster and disease by delivering vital healthcare and related services, and by focusing on training that helps devastated populations return to self-reliance.

About the Western Union Foundation

The Western Union Foundation believes that education is the surest pathway to economic opportunity. After nearly 20 years of impact, we are continuing to deliver against our mission with our Opportunity Beyond Borders commitment, to invest $15 million by 2022, with a focus on empowering forcibly displaced and marginalized youth with the training and education needed to succeed in today’s technology-driven global economy. We also provide funding to communities in crisis through disaster relief and other humanitarian efforts, a key reason for forced migration. To date, more than $124 million has been given to fund projects and scholarships in 174 countries across the globe. The Western Union Foundation is a separate charitable corporation that is tax-exempt under 501(c)(3) of the US Internal Revenue Code, and receives support from The Western Union Company, its employees, agents and business partners. Contributions to the Foundation are tax-deductible for US income tax purposes. To learn more, visit or follow us on Twitter @TheWUFoundation.

© Business Wire 2020
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Sales 2022 4 453 M - -
Net income 2022 834 M - -
Net Debt 2022 1 463 M - -
P/E ratio 2022 7,58x
Yield 2022 5,63%
Capitalization 6 438 M 6 438 M -
EV / Sales 2022 1,77x
EV / Sales 2023 1,76x
Nbr of Employees 10 500
Free-Float 99,3%
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Rajesh K. Agrawal Chief Financial Officer
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