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News Releases

Western Union donates University of Sydney scholarships for students in need

Six students from the University of Sydney will receive financial support for their undergraduate degrees

SYDNEY, AUSTRALIA, MARCH 26, 2018 - Western Union and The Western Union Foundation, the charitable arm of Western Union, has donated funds to provide six tertiary scholarships to the University of Sydney,  available to undergraduate students pursuing studies in fields such as engineering, business or science, and with a focus on technology and innovation.

The 2018 WU Foundation Scholarships will be awarded based on academic merit and financial need, with preference given to students with Indigenous or refugee backgrounds.

The donations form part of an ongoing partnership between Western Union and the University of Sydney and are particularly important as global competition for students increases and governments face tighter funding and resource budgets.

With international education being Australia’s third largest export, the success and continued attractiveness of Australia as the destination of choice for international students is vital for these institutions – particularly as the landscape with regards to funding and resources continues to change. 

Mark Davis, Western Union Business Solutions Managing Director and Head of Australia and New Zealand, said: “One of our aims at Western Union and the WU Foundation is to enhance the opportunities for Australia’s migrant and indigenous student communities. We’re extremely proud of our long-standing relationship with the University of Sydney; and our collective focus and partnership in helping to realise this mission”.

Further showing its commitment to education in Australia, Western Union President and Chief Executive Officer, Hikmet Ersek, along with Davis, presented the scholarships to Dr. Michael Spence AC, the Vice-Chancellor of Sydney University.

Ersek said, “Our partnerships with universities around the world demonstrate our commitment to improving education as a pathway towards a better future.  The Western Union Foundation recognises education as a universal need that has the ability to create opportunity and improve lives, having committed more than US$77 million (A$100million) to education programs and causes around the world,” he added.  

Dr. Spence added, “We’re extremely grateful to have a strong partner like Western Union that provides support for students who might otherwise miss out on an education and access to employment.”

Western Union Business Solutions, serving 38 Universities in Australia and more than 100,000 businesses globally with foreign exchange, risk management, and global payment gateway solutions, last year launched its enhanced GlobalPay for Students platform, which has been developed to improve the way education institutions reconcile, refund and track payments from international students, allowing clients (education institutions) to receive payments from multiple platforms and view all payment activity on one dashboard. The platform is designed to help these organisations simplify the reconciliation of incoming international payments, which can be a complex and time-consuming process. The mobile-first interface has also been developed with student input to improve the user experience. 

Western Union Business Solutions works closely with many universities, such as The University of Sydney, and looks to continually develop systems and capability through the implementation of new and innovative payment platforms.                   

More information can be found on the scholarships here,.

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. Through its signature program, Education for Better, and 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. The Western Union Foundation has paid more than $111 million in charitable giving since its inception in 2001. These funds have been pledged in more than 137 countries and territories. The Western Union Foundation is a separate charitable corporation that is tax-exempt under §501(c)(3) of the Internal Revenue Code, contributions to which are tax-deductible for US income tax purposes. To learn more, visit www.westernunionfoundation.org, or Follow us on Twitter @TheWUFoundation.

About Western Union Business Solutions

Western Union Business Solutions is a business unit of The Western Union Company.

Western Union Business Solutions is one of the world’s leading enablers of cross-border business payments.  In more than 30 countries across the globe Western Union Business Solutions can deliver innovative payment and risk management solutions to companies of all sizes.  

With deep expertise in sending and receiving cross-border payments, and managing foreign exchange, they give their customers access to over 130 currencies, via a global financial network spanning more than 200 countries and territories.  Western Union Business Solutions helps companies spend less time managing international financial transactions and more time growing their businesses. For more information, visit www.business.westernunion.com.au

 

Fleishman Media Contacts

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Grace McCarthy, + (61) 422 558 112
grace.mccarthy@fleishman.com.au