Western Union Announces “Education for Better,” a Three-Year Commitment to Education Globally
27 9월 2012 - 4:43AM
Business Wire
The Western Union Company (NYSE:WU), a leader in global payment
services, and the Western Union Foundation today announced
“Education for Better,” a new three-year commitment to help meet
global education goals.
Unveiled during the launch of the United Nations Education First
initiative, Western Union’s Education for Better program will
provide an average of up to $10,000 per day for more than 1,000
days in potential Western Union Foundation grant funding for
nonprofit, nongovernmental organizations (NGOs) working in the
education space, including support for one million days of school
through a new corporate cause-marketing campaign.
“Education is one of the surest paths to financial inclusion,
which is why it’s our cause of choice,” said Hikmet Ersek,
President and CEO, Western Union. “The money we transfer helps
consumers pay school fees and purchase supplies, and helps
educational institutions collect and disburse funds for their
international programs. With 510,000 physical Agent locations in
200 countries and territories, providing customers the choice of
cash, mobile money, bank accounts and prepaid cards, Western Union
is uniquely positioned to address the ‘last mile’ challenges of
rural development.”
The company’s Education for Better program will include:
New “shared value” education products: New products that
help individuals, governments and donor agencies move funds for
education programs to underserved communities with greater speed
and accuracy, allowing for greater accountability. The Company
helps move money for education to its intended beneficiary, and is
investing more than $10 million in a new NGO Global Pay platform
that can be used to solve challenges faced by governments,
development organizations and NGOs working in education, among
others. Over the course of its commitment, Western Union expects to
serve more than 1,000 educational institutions and NGOs and help
move over $1B in principal for education.
Advocacy for education: Western Union has become a
founding member of the Global Business Coalition for Education
(GBC-Ed), a new coalition designed to champion the education cause
with governments and others worldwide. As a visible demonstration
of support, Western Union CEO Hikmet Ersek participated in the
launch of the United Nations Education First campaign by
Secretary-General Ban Ki-moon on Sept. 26, 2012.
Cause marketing: Western Union’s PASS initiative, which
kicked off Sept. 20, converts each successful pass completed during
each match played from the Group Stage to the final of the
2012/2013 UEFA Europa League into funds to support one day of
school for one student, to be allocated and distributed based on
the educational needs and costs of the identified market.
Grants: As part of the comprehensive Education for Better
program, the Western Union Foundation pledges an average of $10,000
per day for more than 1,000 days in potential grant funding
throughout the three-year program. The majority will be available
as matching challenge grants to incent Western Union Business
Partner and employee donations to the education cause.
Employee engagement: Western Union employee volunteer
programs will prioritize educational programs, providing the
Western Union family new ways to make a meaningful difference.
Education for Better builds on the success of Western Union’s
Our World, Our Family program, a five-year commitment to economic
opportunity that will culminate this year having exceeded its
financial goal.
“We are very proud that Our World, Our Family helped touch more
than five million lives,” said Luella Chavez D’Angelo, SVP, Social
Ventures, Western Union. “Our World, Our Family demonstrated the
importance of and education’s power to make a lasting difference in
the world, and inspired us to develop Education for Better to touch
even more people’s lives.”
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. As of
June 30, 2012, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of approximately
510,000 agent locations in 200 countries and territories. In 2011,
The Western Union Company completed 226 million
consumer-to-consumer transactions worldwide, moving $81 billion of
principal between consumers, and 425 million business payments. For
more information, visit www.westernunion.com.
About the Western Union Foundation
The Western Union Foundation is dedicated to creating a better
world, where the ability to realize dreams through economic
opportunity is not just a privilege for the few but a right for
all. With the support of The Western Union Company, its employees,
Agents, and business partners, The Western Union Foundation works
to realize this vision by supporting education and disaster relief
efforts as pathways toward a better future. Our combined social
ventures efforts make life better for individuals, families and
communities around the world. Since its inception, The Western
Union Foundation has committed more than $81.7 million in grants
and other giving to more than 2,551 nongovernmental organizations
in more than 124 countries and territories. To learn more, visit
www.westernunionfoundation.org.
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