WESTERN UNION BUYS 15% STAKE IN SAUDI TELECOM'S DIGITAL PAYMENT UNIT

© Reuters/DAVID W CERNY FILE PHOTO: A man sits on a chair next to Western Union currency exchange office in Prague DUBAI (Reuters) - Western Union, the world’s largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million. The acquisition of stc pay, which values the company at 5 billion riyals ($1.3 billion), will fi...