Western Union to Test Debit, Credit Card Offerings in Bank Push
- Company’s shares fall after expenses unexpectedly climb
- Firm is weighing creating a marketplace for consumers to shop
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Western Union Co., the world’s largest money-transfer provider, will soon test banking products for its customers.
The firm will begin offering products such as debit or credit cards in the third quarter, Chief Financial Officer Raj Agrawal said in an interview Wednesday with Bloomberg Television. Western Union also is weighing the creation of a marketplace where consumers can shop, he said.