Tagged: alex holmes

MoneyGram Penalized $8.25M for Lax Agent Supervision During Chinese Transfer Spike

Red Card Penalty Fine Infraction

MoneyGram has agreed to pay an $8.25 million fine related to its failure to properly monitor local storefronts’ transfer activity to China. The company confirmed today it agreed to the settlement with the New York Department of Financial Services through a consent order. The company… Read More

Stellar, MoneyGram and Techstars Announce Partnership to Support Innovation in Payments, Blockchain in Latam

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Stellar Development Foundation, MoneyGram International, Inc. (NASDAQ: MGI), and Techstars, have announced a partnership to recruit founders globally who are focused on tech innovation in areas such as blockchain and digital payments to further streamline cross-border payments and support financial inclusion. The partnership builds on the… Read More

MoneyGram Enters Agreement to be Acquired by Madison Dearborn Partners

Grant Money Clouds Obfuscate Clarify

MoneyGram International, Inc. (NASDAQ: MGI), a firm focused on the evolution of digital P2P payments, and Madison Dearborn Partners, LLC, a private equity firm based in Chicago, have entered a definitive agreement under which funds affiliated with MDP will “acquire all outstanding shares of MoneyGram… Read More

MoneyGram Confirms 4% Stake in Crypto Cash Exchange Coinme, Series A Round Now Complete

Digital Dollar Washington

MoneyGram International this week announced it has completed a strategic minority investment in Coinme, an American cryptocurrency cash exchange. The deal, which gives MoneyGram an approximate four per cent ownership stake in Coinme, closes out Coinme’s Series A financing round. “At MoneyGram, we continue to… Read More

Payments Survey Finds Strong Remittance Consumer Sentiment, Driven by Changing Requirements Abroad and Greater Digital Adoption

Global Money Cash

MoneyGram International, Inc. (NASDAQ: MGI), a global supporter of evolution of digital P2P payments, shared the results of a consumer survey that offers insights into cross-border money transfer flows going into 2022. Results reveal that as the requirements of family and friends abroad continue to… Read More

Digital Payments in Middle East Markets like Oman Continue to Rise as Consumers Engage with E-Commerce Platforms

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Dr. Saeeda Jaffar, Board Member, Managing Director and Head of Middle East at Alvarez & Marsal, notes that research performed by Checkout.com at the end of last year suggested that digital commerce and the digital payment sectors in the Middle East region were “set for… Read More

MoneyGram Received $11.3 Million from American Fintech Ripple During Q3 and Q4 of 2019 as a “Market Development Fee”

Money Dollars Benjamins 100

Giant money transfer service MoneyGram reportedly received a total of $11.3 million from San Francisco-based Fintech firm Ripple during the third and fourth quarters of last year. As mentioned in the recently released US Securities and Exchange (SEC) filings, the funds received by MoneyGram may… Read More

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