Faisal KhanAnswered Apr 12, 2016Western Union is a worldwide company that is classified as a Money Transfer Operator (MTO), and operates its points-of-presence on a franchisee model.
As WU provides a singular platform to all its Agents, in all the countries, the sending/receiving of money is nearly seamless and the same at every location.
WU also provides the remittance platform software to all its Agents, so everyone is using the same central repository where payment information is held.
Payouts are based on pre-funding limits that each WU agents has placed with WU in each respective territory. Depending on the type of WU remittance you do, the transfer can be instant or 3-4 days late. The quicker it is, the more expensive it is.