Moneygram International - News, Articles & Research

Company announcement/payments

MoneyGram partners Al Rajhi Bank in Saudi Arabia

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank in the world, and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia.

04 June 2020

News/payments

Western Union bids to buy MoneyGram - Bloomberg

Western Union has made an offer to buy fellow money transfer outfit MoneyGram, according to Bloomberg.

02 June 2020

Company announcement/payments

MoneyGram to offer direct-to-account deposits in India through tie up with Federal Bank

MoneyGram Payment Systems, Inc., a wholly owned subsidiary of MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that it has entered into a partnership with The Federal Bank Limited, a leading private sector Bank in India, for a strategic partnership to offer a cost-effective direct to bank account credit option for customers in India.

14 May 2020

Company announcement/payments

MoneyGram introduces FastSend for payments to mobile phone numbers

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the launch of MoneyGram FastSend™, a new service through which consumers can send money quickly and easily to their friend's mobile phone number via the MoneyGram website and mobile app.

13 February 2020

Company announcement/payments

Brink's takes $9 million equity stake in MoneyGram

The Brink’s Company (NYSE: BCO), the global leader in total cash management, today announced that it has invested $9 million in MoneyGram International, Inc. (NASDAQ: MGI), one of the world’s largest money transfer companies.

11 February 2020

Company announcement/payments

MoneyGram partners Lulu Money in Apac

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers announced today that it has entered into a strategic partnership with LuLu Money, a leading name in the world of non-banking finance, dealing primarily in foreign exchange and global money transfers.

21 January 2020

Company announcement/payments

MoneyGram strengthens Indian position with EbixCash partnership

EbixCash, a wholly-owned subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services, together with MoneyGram International, Inc. (NASDAQ: MGI), a global provider of innovative money transfer services, announced a strategic partnership to bring enhanced services to millions of consumers across India.

13 January 2020

Company announcement/payments

MoneyGram expands cross border P2P service with Visa Direct

MoneyGram International, Inc. (NASDAQ: MGI), a global provider of innovative money transfer services, today announced the expansion of its debit card deposit service internationally which it launched in collaboration with Visa through Visa's real-time1 push payments platform, Visa Direct.

05 December 2019

Company announcement/payments

Ripple makes final $20 million investment in MoneyGram

MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, today announced that Ripple, a provider of leading enterprise blockchain solutions for global payments, has made the final $20 million investment in MoneyGram equity pursuant to Ripple's original $50 million equity investment commitment made earlier this year.

26 November 2019

Company announcement

MoneyGram and Wing to launch new mobile wallet in Cambodia

MoneyGram International, Inc. (NASDAQ: MGI), one of the world's largest money transfer companies, announced today that it is partnering with Wing (Cambodia) Limited Specialised Bank, Cambodia's leading mobile banking service provider, to offer a new service that will allow customers to receive funds directly into their mobile wallets.

15 November 2019

Company announcement/payments

MoneyGram and Walmart extend partnership

MoneyGram International, Inc. (NASDAQ: MGI), a global provider of innovative money transfer services, previously announced it has extended its agreement with Walmart to continue to provide MoneyGram-branded money transfer, 'powered by' white-label Walmart2World money transfer, bill payment and money order services into 2021.

05 November 2019

Company announcement

MoneyGram partners Visa for debit card deposit service

MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, today announced the launch of a new debit card deposit service in partnership with Visa via Visa Direct, Visa's real-time1 push payments platform, which enables payments to over a billion cards worldwide.

09 September 2019