MoneyGram

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Earnings data Q1 2024

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MoneyGram is a global payment services company. The company’s products include global money transfers, bill payment solutions, and financial paper products. It conducts its business through its wholly-owned subsidiary MoneyGram Payment Systems, Inc. (MPSI). MoneyGram operates in two segments: Global Funds Transfer and Financial Paper Products and offers its money transfer services on the Internet through its MoneyGram Online service in the United States, United Kingdom, and through agent Websites in Italy, Saudi Arabia, and Japan. It also offers money transfer services via mobile phone, kiosks, ATM, receive cards, and direct-to-bank account products in various markets worldwide. Effective July 8, 2013, MoneyGram International Inc acquired Latino Services, an Atlanta-based provider of money transfer services.

Through this partnership expansion, e& international's large and fast-growing customer base can now use the e& money mobile wallet to send money around the world in near real-time The service is now live throughout Saudi Arabia, the United Arab Emirates and Afghanistan with Egypt, Pakistan and several other markets in Africa expected to launch in the next few months DALLAS , Sept. 20, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, and e& international from e& (formerly known as Etisalat Group), one of the world's leading technology and investment conglomerates, today announced an expansion to their strategic partnership.

MoneyGram and e& international Expand Partnership, Enabling 160M Consumers Across Asia, Africa and the Middle East to Send Money Globally

Consumer finance company CreditCare Technology has teamed up with MoneyGram to expand further into the emerging markets of the Philippines, Vietnam and Nigeria. Based in San Francisco, CreditCare provides financial products to unbanked people, including personal loans and remittances.

MoneyGram, CreditCare Team to Help Unbanked People in Philippines, Vietnam, Nigeria

MoneyGram's (MGI) adjusted free cash flow jumps to $22.1 million in the second quarter from $6.5 million a year ago.

MoneyGram (MGI) Stock Up 1.8% Despite Q2 Earnings Miss

MoneyGram (MGI) delivered earnings and revenue surprises of -40% and 0.17%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

MoneyGram (MGI) Misses Q2 Earnings and Revenue Estimates

Digital revenue reached an all-time high of $92 million reaching 44% of money transfer transactions at the end of the second quarter Digital transactions increased 36% over the prior year DALLAS , Aug. 5, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its second quarter ended June 30, 2022. Second Quarter 2022 Business Highlights "Against the backdrop of an increasingly uncertain macro-economic environment, we delivered 5% year-over-year revenue growth in the second quarter on a constant currency basis.

MoneyGram International Reports Second Quarter 2022 Results

Larry Angelilli to Become Executive Vice Chairman DALLAS , Aug. 4, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a global leader in the evolution of digital P2P payments, today announced that Brian Johnson, who currently serves as Head of Corporate Finance and Global Treasurer, has been named Chief Financial Officer, effective September 1, 2022. He succeeds Larry Angelilli, who has been appointed Executive Vice Chairman of MoneyGram, effective on the same date.

MoneyGram Names Brian Johnson Chief Financial Officer and Anna Greenwald Chief Operating Officer

Cryptocurrency infrastructure provider Wyre has integrated with digital payments platform MoneyGram's global on- and off-ramp service for digital wallets that debuted last month on the Stellar Network, according to a Wednesday (July 6) press release.

MoneyGram, Stellar Integrate Wyre With Crypto-to-Cash Conversion Service

MoneyGram will utilize the Rafay Kubernetes Operations Platform and Amazon EKS to speed digital transformation initiative SUNNYVALE, Calif. , June 21, 2022 /PRNewswire/ -- Rafay Systems, a leading platform provider for Kubernetes Operations, announced today that MoneyGram has selected the Rafay Kubernetes Operations Platform (KOP) as its Kubernetes provider and Amazon Web Services (AWS) as its global cloud provider.

Rafay Systems and AWS Streamline Kubernetes Operations and Accelerate Modern Application Delivery for MoneyGram

MoneyGram hopes to evolve its cross-border money transfer business model to deliver financial solutions that connect the world's communities.

MoneyGram speeds digital transformation initiative with assist from Rafay Systems & Amazon EKS

Over 80% of respondents report concerns about a potential recession and global inflation, but 98% plan to continue sending money to support loved ones back home this year 79% indicate they tend to send more money back home when their country of origin is experiencing economic hardship, further evidenced by MoneyGram's internal data on recent sends to both Ukraine and Afghanistan New findings released for International Day of Family Remittances highlight the financial resilience of migrants who transfer funds to loved ones to pay for life's essentials DALLAS , June 16, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, today released the findings of a new customer survey detailing trends around how families in the United States are transferring money around the world this year. These new findings are being released on the United Nations' International Day of Family Remittances, a global holiday celebrated annually on June 16.

Migrant Families are Concerned about Potential Economic Hardship but Expect to Prioritize Sending Money Home, New MoneyGram Survey Finds

Time to put money to work. Merger arb spreads are wide.

Golden Age Of Merger Arb: MoneyGram

MoneyGram (MGI) teams up with Mobily Pay to offer seamless global digital money transfers utilizing the latter's mobile wallet powered by MGI's capabilities.

MoneyGram's (MGI) Tie-Up to Boost Wallet Usage in Saudi Arabia

MoneyGram International on Thursday (June 2) announced a partnership with Saudi Arabia-based mobile wallet Mobily Pay that will bring MoneyGram's international money transfer capabilities to Mobily Pay, giving users the ability to send money around the world in near real time. The latest launch adds to MoneyGram's fleet of integrations for its white-label product that […]

MoneyGram Teams With Mobily Pay to Help Saudi Arabia Mobile Wallet Users

Consumers in Saudi Arabia, one of the world's largest remittance markets, can now use the Mobily Pay mobile wallet to send money in near real-time around the world DALLAS , June 2, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, and Mobily Pay, a pioneering mobile wallet powered by leading Saudi-based telecommunications and digital service provider Mobily, today announced a partnership to launch MoneyGram's leading international money transfer capabilities on Mobily Pay. This partnership empowers millions of consumers in Saudi Arabia to use the Mobily Pay mobile wallet to send money in near real-time around the world.

MoneyGram Announces New Partnership with Mobily Pay to Reach Millions of New Mobile Wallet Users in Saudi Arabia

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes told Bloomberg. Remittances make up 20% of its GDP.

MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

MoneyGram thinks there could be a future in crypto, Bloomberg reports, as it prepares to roll out a service for users to convert stablecoins to hard currency. The report notes that this would be done in partnership with the Stellar blockchain.

MoneyGram to Launch Blockchain Partnership for Stablecoin-to-Fiat Remittances

Provides Update on Progress to Close Transaction DALLAS , May 23, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a global leader in the evolution of digital P2P payments, today announced that stockholders overwhelmingly approved the transaction with affiliates of funds managed by Madison Dearborn Partners, LLC (collectively, "MDP"). Based on the preliminary voting results from the Special Meeting of Stockholders held today, over 99% of votes cast were in favor of the transaction.

MoneyGram Stockholders Overwhelmingly Approve Merger Transaction with Madison Dearborn Partners

MoneyGram International's (MGI) Money Transfer business continues to perform well on the back of its rising cross-border transactions.

MoneyGram (MGI) Down 3.1% Since Q1 Earnings & Sales Miss

MoneyGram (MGI) delivered earnings and revenue surprises of -18.18% and 2.75%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

MoneyGram (MGI) Misses Q1 Earnings and Revenue Estimates

Digital revenue reached an all-time high of $83 million reaching 40% of money transfer transactions at the end of the first quarter Digital transactions increased 33% over the prior year MoneyGram Online cross-border transactions grew 22% year-over-year with active cross-border customer growth increasing 19% year-over-year in the first quarter DALLAS , May 6, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its first quarter ended March 31, 2022. First Quarter 2022 Business Highlights "Record high digital revenue, strong customer retention rates and overall international growth drove strong first quarter results," said Alex Holmes MoneyGram Chairman and CEO.

MoneyGram International Reports First Quarter 2022 Results

DALLAS , May 2, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, today responded to several inflammatory and misleading statements made about the Company by Rohit Chopra, Director of the Consumer Financial Protection Bureau ("CFPB" or the "Bureau"). MoneyGram issued the following statement: "Over the past week, CFPB Director Rohit Chopra made additional false, inflammatory and misleading statements about MoneyGram.

MoneyGram Responds to Recent Inflammatory and Misleading Statements by the CFPB and Its Director

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Global money transfer company MoneyGram is getting ready to fight a civil lawsuit filed by the director of the Consumer Financial Protection Bureau (CFPB) and the New York Attorney General (NYAG) that alleges it failed to provide money to overseas recipients in a timely manner, according to a Friday (April 22) press release. MoneyGram said […]

MoneyGram Gets Ready to Fight ‘Meritless Lawsuit'

MoneyGram is the Industry Leader in Compliance and Has Invested Heavily to Protect Consumers and Underprivileged Communities Against Harm Regulators' Unreasonable Demands Forced the Company to Litigate, but MoneyGram is Fully Prepared to Defend Itself and its Best-in-Class Compliance Program in Court DALLAS , April 22, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, responded to the meritless civil lawsuit filed by the Consumer Financial Protection Bureau ("CFPB") and the New York Attorney General ("NYAG") and baseless claims issued by the CFPB and its director. The Company issued the following statement: As the industry leader in compliance and consumer protection, MoneyGram is deeply disappointed that the CFPB and NYAG chose to file yesterday's meritless lawsuit and that the CFPB chose to issue two press releases littered with gratuitous and inaccurate statements about the Company and the allegations in the case.

MoneyGram Responds to Baseless Litigation and Claims by the Consumer Financial Protection Bureau Director and the NY Attorney General

The federal Consumer Financial Protection Bureau (CFPB) and New York's attorney general filed a federal lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc., alleging the companies failed to provide money to overseas recipients in a timely manner, according to a Thursday (April 21) news release. The suit, filed in U.S. District Court for […]

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