For the current quarter period, its operating income increased marginally by 1% to $365.6m, against $363m during the year ago quarter.

Its total revenues stood at $1.42bn, up by 1% compared to $1.4bn during the corresponding period earlier year.

Consumer-to-Consumer revenues decreased by 4% to $1.15bn, compared to $1.19bn, while consumer-to-business segment revenues declined by 5% to $147.3m from $155.3m during the same period a year ago.

Western Union president and chief executive officer Hikmet Ersek said, "Globally, Western Union branded consumer money transfer revenue grew slightly in constant currency terms, with our on-line business once again delivering very good results."

Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, the firm offers consumers and businesses with fast, reliable and convenient ways to send and receive money globally.