Tagged: moneygram

April 27, 2022 @ 12:21 pm By JD Alois  |  

  Recently, the Consumer Financial Protection Bureau (CFPB), along with the New York Attorney General, filed a lawsuit against MoneyGram (NASDAQ: MGI), claiming the payments and transfers firm was leaving “families high and dry.” CFPB Director Rohit Chopra claimed that MoneyGram “spent years failing its… Read More

March 16, 2022 @ 10:54 pm By Tony Zerucha  |  

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

March 11, 2022 @ 12:43 pm By JD Alois  |  

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

February 16, 2022 @ 8:29 am By Omar Faridi  |  

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

January 6, 2022 @ 6:47 pm By Tony Zerucha  |  

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

December 27, 2021 @ 1:34 am By Omar Faridi  |  

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

August 13, 2021 @ 4:16 pm By Omar Faridi  |  

We recently connected with Neil Bergquist, CEO at Coinme, a crypto firm that’s focused on serving retail investors. Coinme offers on-the-ground access to purchase/sell Bitcoin (BTC) with cash through the Coinstar and MoneyGram. During our conversation, Neil talked about what people should consider when looking… Read More

May 24, 2021 @ 2:15 pm By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday new four mobile wallet and fintech partnerships that give the company access to mobile wallets in 28 markets in Africa. The company reported that the new partnerships are with Airtel, Thunes, InTouch and MFS… Read More

May 21, 2021 @ 8:55 am By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Thursday its MoneyGram Online (MGO) recorded 95% year-over-year cross-border transaction growth which drove 111% revenue growth in April 2021. MoneyGram revealed that MGO delivered an all-time high for transactions in the month, marking strong sequential… Read More

May 12, 2021 @ 11:35 am By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has teamed up with cryptocurrency cash exchange Coinme to expand access to bitcoin. According to Moneygram, the partnership will enable the cash funding and payout of digital currency purchases, as well as sales…. Read More

April 15, 2021 @ 9:48 am By Samantha Hurst  |  

    Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Thursday its MoneyGram Online (MGO) service recorded an all-time high in cross-border transactions, as well as 131% growth in year-over-year cross-border transactions for March 2021. MoneyGram reported that this milestone marks the fifteenth consecutive… Read More

March 24, 2021 @ 11:20 pm By Omar Faridi  |  

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

March 24, 2021 @ 12:33 pm By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday the launch of “MoneyGram as a Service,” which is a new business line that enables other companies to access MoneyGram’s network through its API-driven infrastructure and technology. According to MoneyGram, enterprise customers may now… Read More

March 12, 2021 @ 10:29 pm By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) recently announced a five-year extension to its partnership with Ooredoo Qatar, a telecommunications operator based in Qatar. MoneyGram reported that the renewal enables its customers to continue to send money in near real-time to family and friends… Read More

February 24, 2021 @ 8:10 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a major cross-border P2P payments and money transfers service, has confirmed that it will no longer be using American Fintech Ripple Labs’ XRP-powered liquidity product. MoneyGram stated that it decided to stop using the technology due to the “uncertainty” surrounding… Read More

February 17, 2021 @ 10:41 pm By Omar Faridi  |  

Blockchain startup Lightnet has teamed up with MoneyGram, a leading provider of cross-border peer to peer payments and money transfer services. MoneyGram will be integrating Lightnet’s technology with its fund transfer services so that customers can access a wide range of payout services across the… Read More

January 24, 2021 @ 9:45 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Friday it has expanded real-time digital P2P payments with Visa directly through its new collaboration with Checkout.com. MoneyGram reported that its customers may now use its website or leading mobile app to send money in near… Read More

August 26, 2020 @ 10:16 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has formed a partnership with global payments network Thunes to enable customers to send money directly to mobile wallets and bank accounts globally through its platform. According to MoneyGram, the collaboration will see additional… Read More

August 24, 2020 @ 1:01 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday it has formed four mobile wallet and fintech partnerships that will give MoneyGram access to mobile wallets in nearly 30 markets in Africa. The partnerships are with the following: Airtel, A provider of telecommunication and… Read More

June 23, 2020 @ 2:25 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a partnership with Korean fintech, Global Money Express (GME). According to MoneyGram, the partnership enables GME customers to connect to the MoneyGram platform and distribution network in more than 200 countries and… Read More