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

    aandelenanalyses

    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.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

    • Other stock news
    Alphabet this year on track for record sales
    Will ChatGPT be the end of Google’s search engine?
    Google buys startup Raxium for future AR, MR devices
    Google, Oracle to join Amazon and Microsoft on Pentagon cloud bids
    Google drops plan to offer bank accounts
    Analysts expect over 2021 rising revenue Alphabet
    Analysts expect over 2021 rising revenue Alphabet
    Sector news
    Analysts expect revenue increase Cars.com Inc
    Wolters Kluwer this year on track for record sales
    RELX's sales on record level according analysts' estimates
    Alphabet this year on track for record sales
    Analysts estimate for 2023 decreasing sales Comcast
    Analysts expect record sales Wolters Kluwer
    Will ChatGPT be the end of Google’s search engine?
    National news
    Intuitive Surgical's sales on record level according analysts' estimates
    Analysts are counting on record year NetFlix
    Analysts expect record sales CSX
    Analysts expect sales decline Carmax
    Analysts: more sales Fastenal
    ConAgra Brands is one of the top American dividend stocks
    Analysts anticipate for 2023 on revenue increase RF Industries
    Press news
    Cicor Technologies Ltd. – Shareholders approve all proposals
    u-blox shareholders approve all motions proposed by the Board of Directors at the Ordinary General Meeting 2024
    Biophytis announces ratio change under its American Depositary Receipt (“ADR”) program
    VAT releases its Sustainability Report 2023, showing progress against inaugural mid-term targets for Greenhouse Gas emissions and employee diversity targets set in 2022
    Comet confirms guidance despite the expected slow start to the financial year
    Sodexo - Financial report for First half Fiscal 2024 available
    Start of Day Message
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo