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Western Union Revenue Plummets Amid Stricter Immigration Policies

10/27/2025

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Summary

Story summary

Western Union's international cash-transfer revenue fell 12% as U.S. migrants faced stricter immigration policies under U.S. President Donald Trump.
Devin McGranahan, CEO of Western Union, said remittances to Mexico, El Salvador, Peru, and Ecuador dropped, contributing to a 15% stock decline this year.
In 2024, remittances to Mexico totaled $63 billion.
Critics say remittances benefit foreign economies and contrast with the U.S. government's $80 billion annual foreign aid.

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Story summary

Western Union's international cash-transfer revenue fell 12% as U.S. migrants faced stricter immigration policies under U.S. President Donald Trump.
Devin McGranahan, CEO of Western Union, said remittances to Mexico, El Salvador, Peru, and Ecuador dropped, contributing to a 15% stock decline this year.
In 2024, remittances to Mexico totaled $63 billion.
Critics say remittances benefit foreign economies and contrast with the U.S. government's $80 billion annual foreign aid.