Western Union to Sell Business Solutions Unit

Western Union to Sell Business Solutions Unit

Assessment

Interactive Video

Business

University

Hard

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The video discusses the focus on core business opportunities, particularly in the consumer-to-consumer remittance market and cross-border transactions. It highlights the rapid growth of digital transactions and the company's strong market position. The omnichannel strategy is emphasized, with a focus on both digital and retail recovery post-COVID. The potential integration of cryptocurrencies and blockchain technology is explored, along with the company's readiness to adapt to economic recoveries in various regions.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated value of the consumer-to-consumer remittance market discussed in the video?

$2 trillion

$1 trillion

$700 billion

$500 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many currencies does the unique platform support for real-time transactions?

437

100

137

200

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant factor in the growth of the digital business?

New retail locations

COVID-19 pandemic

Increased physical transactions

Cryptocurrency integration

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is the company using to serve different customer needs?

Single-channel strategy

Digital-only strategy

Omnichannel strategy

Retail-only strategy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's approach towards cryptocurrencies?

Partnering with banks only

Integrating with existing platform

Developing a separate platform

Avoiding integration

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which regions are showing strong growth due to economic recovery?

Middle East and South America

Europe and Australia

North America and Latin America

Asia and Africa

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a major contributor to the company's positive Q2 results?

Strong growth in Latin America

Retail network expansion

Decline in digital transactions

Reduction in operational costs