Western Union has posted a net income of $189.3m, or $0.36 per share, for the second quarter of 2015, down 2% compared to $193.8m, or $0.36 per share, a year ago.

For the quarter ended 30 June 2015, the money-transfer company reported total revenue of $1.38bn, a marginal fall of 2% from $1.41bn in the year-ago quarter.

However, revenue from online business, including westernunion.com and mobile money transfer, rose 19% in the second quarter, the company said in a statement.

In the quarter, the company recorded a pre-tax charge of $35.3m related to its Paymap subsidiary’s settlement with the CFPB.

Excluding the impact of the settlement, the group’s operating margin was 20.7%, compared to 19.8% in the second quarter of 2014.

Commenting on the results, Western Union CFO Raj Agrawal said: "Based on our performance to date and our projections for the remainder of the year, we are pleased to be able to increase our full year outlooks for adjusted earnings per share and constant currency revenue growth.

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"In the quarter, consumer money transfer trends benefited from ongoing strength from US Outbound and high digital growth across most of our online markets. Western Union Business Solutions and Consumer Bill Payments also delivered good results.

"In addition, cost savings initiatives and foreign exchange hedges helped drive operating margin improvement, and we continued to generate and deploy healthy cash flow for our shareholders," Agrawal added.