Tagged: moneygram

MoneyGram Defends itself Against CFPB, New York AG Attacks

Rohit Chopra CFBP

  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

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

Latam Latin America South America Brazil Map

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

Neil Bergquist: CEO at Coinme Explains How their Company Makes Bitcoin (BTC) Accessible for Everyone

Bitcoin

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

MoneyGram Announces Mobile Wallet Capabilities Expansion in Africa Through New Strategic Partnerships

MoneyGram on Mobile Phone MGI

  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

MoneyGram Announces Online Service Transactions Reaching An All-Time High in April 2021

MoneyGram Phones Red

  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

MoneyGram Teams Up With Coinme to Expand Bitcoin Access

Two Bitcoin

  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

Milestone: MoneyGram Reportedly Delivers All-Time Record High For Transactions in Direct-to-Consumer Digital Business in March 2021

MoneyGram on Mobile Phone MGI

    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

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

Shopping Cart alejandro mavvv unsplash

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 Announces Business Line For Enterprise Customers

moneygram

  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

MoneyGram Announces Five-Year Extension to Ooredoo Qatar Partnership For Mobile Wallet Capability Advances

MoneyGram Phone App

  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

MoneyGram to Stop Using Ripple’s XRP based Fund Transfer Service due to “Uncertainty” Surrounding Ongoing Litigation with SEC

stop Halt

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

Southeast Asian Blockchain Startup Lightnet Partners MoneyGram to Provide Comprehensive Money Transfer Services

MoneyGram on Mobile Phone MGI

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

MoneyGram Announces Expansion of Real-Time Digital P2P Payments With Visa Through Collaboration With Checkout.com

MoneyGram Phone App

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

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

MoneyGram on Mobile Phone MGI

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

africa kayle glenn unsplash

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

MoneyGram on Mobile Phone MGI

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

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