Western Union CFO Matt Cagwin quietly acknowledged in yesterday’s earnings call that fewer border crossings under the Trump admin are chipping away at the remittance behemoth’s profits:“New migration is the lifeline of our retail business. With borders closed, it is difficult to offset natural attrition… as consumers return home to their native countries,” Cagwin said. WU has long been the dominant vampire skimming absurd fees off international remittances while providing no technological convenience that Venmo hasn’t already surpassed. For 2025, it was reported that remittances from the U.S. to Mexico declined almost 5% for the year. On yesterday’s earnings call, Western Union CEO Devin McGranahan said that remittances from “U.S.