Google Pay makes cross-border payment push with Western Union and Wise

  • Alphabet 's (GOOG,GOOGL) mobile wallet is entering the international money transfer space through new partnerships with Western Union (NYSE:WU) and Wise.
  • Starting today, Alphabet Pay users in the U.S. can send cross-border payments through Western Union 's global financial network of bank accounts and wallets plus retail locations throughout India and Singapore. U.S. users will be able to send money globally by the end of the year.
  • 'The pandemic continues to have a devastating impact on communities, customers, and colleagues in many parts of the world, especially in India and Latin America. This convenient channel through Alphabet Pay will help people continue supporting one another in these trying times as they reimagine how they can pay and move money first to India and Singapore and worldwide by year-end," says Shelly Swanback, President, Western Union Product, and Platform.
  • Also starting today, U.S. Alphabet Pay users can send money to friends and family in India and Singapore through the platform of fintech company Wise. Global availability will roll out later this year.

    For this year the company, based in Mountain View revenue will be around 236.97 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2020's revenue of 182.53 billion USD.

    Historical revenues and results Alphabet plus estimates 2020


    The analysts expect for 2021 a net profit of 59.89 billion USD. For this year the consensus of Alphabet 's result per share is a profit of 87.84 USD. The price/earnings-ratio is then 25.86.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies is a poor 1.12 percent.

    Recent target prices around 2642 USD

    The latest 3 recommendations for the internet company were provided by KBC Securities, JP Morgan and Goldman Sachs .

    Based on the current number of outstanding shares Alphabet 's market capitalization 681.06 billion USD. The Alphabet stock was the past 12 months quite volatile. Since last May the stock is even 61 percent higher. This year the stock price moved between 1352 and 2431 dollar.

    Historical stock prices Alphabet

    stock price alphabet

    At 15.38 the stock trades 0.82 percent higher at 2271.5 USD. Nieuwsdienst: +31 084-0032-842

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