Tagged: moneygram

MoneyGram Integrates With Global Payment Network Thunes to Expand Digital Network & Mobile Wallet Capability

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

MoneyGram Expands Mobile Wallet Capabilities in Africa Through New Strategic Partnerships

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

MoneyGram Teams Up With Korean Fintech Global Money Express to Further Accelerate Digital Growth

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

MoneyGram Reports 100% Year-Over-Year Digital Transaction Growth in May

Digital money transfer service MoneyGram (NASDAQ: MGI) reported on Thursday 100% year-over-year digital transaction growth in May, which is considered a significant acceleration from the first quarter of 2020 where the company reported 57% growth.  Overall digital growth in May was driven by the following… Read More

MoneyGram Announces Collaboration With Saudi Arabia’s Al Rajhi Bank

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Thursday it has formed a new partnership with Saudi Arabia-based Al Rajhi Bank. MoneyGram revealed it joined forces with Al Rajhi Bank to provide money transfer services in Saudi Arabia and covers both digital as well… Read More

Western Union Reportedly Seeking to Aquire MoneyGram

Western Union (NYSE: WU) is reportedly seeking to acquire digital money transfer service MoneyGram (NASDAQ: MGI). The acquisition rumors come just a little over a month after Western Union announced the continued expansion of its Global Network for real-time money-movement and payments. MoneyGram describes itself… Read More

Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple

XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also increased significantly. San Francisco-based Fintech firm Ripple’s on-demand-liquidity (ODL) solution has experienced an considerable increase in overall usage and adoption this year. The company’s… Read More

MoneyGram Joins Forces With Korean Fintech E9Pay

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with E9Pay, a money transfer and payment fintech company based in Korea. According to MoneyGram,  the partnership enables E9Pay customers to connect to the MoneyGram platform and distribution network… Read More

Fintech MoneyGram Partners with Federal Bank in India

MoneyGram Payment Systems, Inc., a subsidiary of MoneyGram International, Inc. (NASDAQ: MGI), has entered into a partnership with the Federal Bank Limited – a private bank in India. MoneyGram is a global payments and transfer Fintech. The collaboration will see MoneyGram services made available for… Read More

MoneyGram CEO Says It’s been a “Quiet Quarter” when it comes to Firm’s Partnership with Fintech Ripple

Alexander Holmes, chairman and CEO at giant money transfer service MoneyGram (NASDAQ:MGI), says it was a “quiet quarter” for the company when it comes to developments related to its partnership with American Fintech firm, Ripple. Holmes, whose comments came during an earnings call for Q1… Read More

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

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

MoneyGram Introduces New Real-Time Cross-Border Payments Service that Doesn’t Use Ripple’s Tech Despite Major Partnership

Global money transfer service provider MoneyGram has introduced a new service that lets users send payments in real-time, however, the new platform notably doesn’t involve the company’s business partner Ripple (which acquired $30 million in MoneyGram shares at a high premium last year). MoneyGram’s management… Read More

MoneyGram Unveils “MoneyGram FastSend” to Enable Customers to Send Funds Directly to a Mobile Number

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday the launch of its new service,  MoneyGram FastSend, which allows consumers to send money to a mobile phone number through the MoneyGram website and mobile app.  According to MoneyGram, MoneyGram FastSend is supported by the… Read More

MoneyGram Partners with Suez Canal Bank to Help Egyptian Expats Conduct Remittance Payments

MoneyGram International, Inc. (NASDAQ: MGI), a leading international peer-to-peer (P2P) payments and money transfer service provider, revealed on January 23 that it has teamed up with the Suez Canal Bank, an established financial institution that will allow MoneyGram clients to send funds directly to the… Read More

MoneyGram Announces New Partnership With Non-Banking Finance Group LuLu Money

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

MoneyGram Collaborates With EbixCash to Expand Presence in India

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday it has formed a new partnership with  EbixCash, an international supplier of on-demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, to bring enhanced services to millions of consumers across India…. Read More

MoneyGram Teams Up With Brightwell to Simplify Money Transfers For Cruise Ship Workers

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has teamed up with fintech Brightwell to enable cruise line crew members to digital send their money home using MoneyGram within the Brightwell app. The duo revealed: “The MoneyGram-Brightwell partnership gives crew members an… Read More

Ripple Invests in MoneyGram, Now Owns 9.95% of the NASDAQ Listed Firm

MoneyGram (NASDAQ: MGI) has completed an investment by Ripple. According to an 8K filed with the Securities and Exchange Commission, Ripple has agreed to purchase up to $50 million of common stock and ten-year warrants to purchase Common Stock. On November 22, 2019, an “Additional… Read More

Metropolitan Commercial Bank Announces New Partnership With MoneyGram

Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank, recently announced it has formed a partnership with global provider of money transfer services MoneyGram (NASDAQ: MGI) to launch a new debit card deposit service designed to simplify deposit, withdrawal and exchange… Read More

MoneyGram Teams Up With Visa to Launch New Debit Card Deposit Service

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday it has teamed up with Visa to launch a new debit card service. MoneyGram reported that the money transfer option will allow customers in the U.S. to send money domestically through its mobile app or… Read More

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