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.

DALLAS, Dec. 2, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, today announced its partnership with urpay to enable cross-border money transfers. urpay is a digital wallet powered by neoleap, the Saudi-based financial global digital solutions company with a mission to create the most powerful yet simple fintech solutions.

MoneyGram Partners with Digital Wallet urpay to Power Cross-Border Payments from Saudi Arabia

MoneyGram's (MGI) deal with bKash marks the second phase of the partnership with Thunes, which targets the Asia-Pacific and Latin America regions.

MoneyGram (MGI) Expands Network in Asia With bKash Deal

MoneyGram International (MGI) witnesses insider buys worth $360,276 in the last two days.

MoneyGram (MGI) Insider Buys Continue: More Growth Ahead?

DALLAS, Nov. 17, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), the global leader in the evolution of digital P2P payments, today announced the expansion of its mobile wallet network through the integration with bKash, Bangladesh's leading mobile financial service (MFS) provider. This is the latest integration as part of MoneyGram's ongoing partnership with Thunes, a B2B company that powers payments for the world's fastest-growing businesses.

MoneyGram Expands Mobile Wallet Network in Asia through Integration with bKash in Bangladesh

DALLAS, Nov. 10, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), the global leader in the evolution of digital P2P payments, today announced that Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will participate in investor meetings at the Northcoast Research Virtual Fall Management Forum on Monday, November 15, 2021. To request a meeting, please contact your Northcoast Research representative.

MoneyGram to Participate in Northcoast Research Virtual Fall Management Forum

MoneyGram's (MGI) board unveils share buyback program and term loan repayment, which highlights its sound financial standing and prudent capital deployment efforts.

MoneyGram (MGI) Announces Moves to Enhance Capital Position

DALLAS, Nov. 9, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), the global leader in the evolution of digital P2P payments, today announced that Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will participate in the Citi 2021 FinTech Virtual Conference on Tuesday, November 16, 2021, at 3:45 p.m. EST. Interested parties will be able to access the presentation via webcast by visiting the MoneyGram investor relations website at https://ir.moneygram.com/.

MoneyGram to Participate at Citi 2021 FinTech Virtual Conference

The company announced that it will repay debt and repurchase shares.

Why Shares of MoneyGram International Are Up Today

DALLAS, Nov. 8, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), the global leader in the evolution of digital P2P payments, today announced two measures to continue to improve its capital structure and further reduce its outstanding long-term debt balance.  The Company announced it will make a $15 million voluntary term loan principal repayment.

MoneyGram Announces $15 Million Voluntary Term Loan Principal Repayment and $50 Million Stock Repurchase Program

Learn how cryptocurrencies are changing the industry, and more.

MoneyGram International CEO Alex Holmes on the Business of Remittances

DALLAS, Nov. 4, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), the global leader in the evolution of digital P2P payments, today announced that Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will participate in the JP Morgan Ultimate Services Investor Conference on Thursday, November 18, 2021 at 1:10 p.m. EST. Interested parties will be able to access the presentation via webcast by visiting the MoneyGram investor relations website at https://ir.moneygram.com/.

MoneyGram to Participate at JP Morgan Ultimate Services Investor Conference

In July 2021, both the Financial Times and Bloomberg reported that private equity rockstar, Advent International, was seriously considering bidding for MoneyGram.

MoneyGram International: Only A Matter Of Time Before An Activist Gets Involved

MoneyGram (MGI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

MoneyGram (MGI) Loses 32% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

The company's Q3 results were mixed, and revenue guidance wasn't inspiring.

Why MoneyGram International Sank by Over 9% Today

MoneyGram's (MGI) Q3 earnings suffer weak revenues and higher operating expenses.

MoneyGram (MGI) Q3 Earnings Beat Estimates, Revenues Miss

MoneyGram International's (MGI) CEO Alex Holmes on Q3 2021 Results - Earnings Call Transcript

MoneyGram (MGI) delivered earnings and revenue surprises of 62.50% and -3.24%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MoneyGram (MGI) Beats Q3 Earnings Estimates

DALLAS, Oct. 28, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its third quarter ended September 30, 2021. Third Quarter 2021 Business Highlights "Consumers continue to value our digital-first strategy, as we delivered another strong quarter of digital growth and cross-border payment innovation.

MoneyGram International Reports Third Quarter 2021 Results

MoneyGram (MGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: MoneyGram (MGI) Q3 Earnings Expected to Decline

DALLAS, Oct. 20, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) will announce its third quarter 2021 financial results on Friday, October 29, 2021. Alex Holmes, Chairman and Chief Executive Officer, and Larry Angelilli, Chief Financial Officer, will host a conference call at 9 a.m.

MoneyGram to Release Third Quarter 2021 Results

MoneyGram (MGI) forges an alliance with Stellar Development to facilitate conversion of cash into stablecoin and vice versa, thus improving accessibility of the digital currency for consumers.

MoneyGram (MGI) Partners Stellar Foundation to Expand Crypto

The Stellar (CRYPTO: XLM) blockchain's native crypto token gained more than 16% over 24-hours following news of its partnership with MoneyGram International Inc (NASDAQ:MGI). What Happened: In a press release on Wednesday, digital peer-to-peer payments company MoneyGram said it had integrated the Stellar blockchain to enable cash funding and payout in local currency for consumers using U.S dollar-pegged stablecoin USD Coin (CRYPTO: USDC).

Stellar (XLM) Gains 16% After Partnering With MoneyGram To Launch USDC Settlement

Digital P2P payments provider MoneyGram International Inc (NASDAQ: MGI) collaborated with the non-profit organization Stellar Development Foundation.  The foundation supports the development and growth of Stellar, an open-source, public blockchain that allows money to be tokenized and transferred globally.

MoneyGram Forges Blockchain Technology Collaboration

DALLAS and SAN FRANCISCO, Oct. 6, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), the global leader in the evolution of digital P2P payments, today announced a partnership with the Stellar Development Foundation, a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred anywhere in the world. MoneyGram's network, integrated with the Stellar blockchain and facilitated through Circle's USD Coin (USDC), will enable cash funding and payout in local currency for consumers using USDC, as well as near-instant backend settlement capabilities.

MoneyGram Announces Innovative Partnership with the Stellar Development Foundation to Utilize Blockchain Technology

MoneyGram's (MGI) progress on digital platform hugely bumps up its revenues.

News for MoneyGram Stock (MGI)