Tagged: moneygram

CIBC to Offer No-Fee Same-Day Cash Pick Up Abroad with Assistance from MoneyGram

To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More

Wyre Integrates with Crypto-to-Cash Service Supported by MoneyGram, Stellar

Wyre, a crypto infrastructure provider, announced an integration with the global on/off-ramp service for digital wallets launched last month by MoneyGram, a key player in the evolution of digital P2P payments, on the Stellar network. This service was introduced with support from the Stellar Development… Read More

Migrants Concerned about Economic Hardship, but Expect to Prioritize Sending Money Home, MoneyGram Survey Reveals

MoneyGram International, Inc. (NASDAQ: MGI), which claims to be global leader in the evolution of digital P2P payments, recently released the findings of a new customer survey detailing trends around “how families in the United States are transferring money around the world this year.” These… Read More

MoneyGram Introduces Crypto-to-Cash Service on the Stellar Network

MoneyGram, which claims to be an international “leader” in the evolution of digital P2P payments, and the Stellar Development Foundation (SDF), 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 globally,… Read More

MoneyGram Partners with Mobily Pay to Reach New Mobile Wallet Users in Saudi Arabia

MoneyGram International, Inc. (NASDAQ: MGI), which claims to be an international “leader” in the evolution of digital P2P payments, and Mobily Pay, a “pioneering” mobile wallet powered by Saudi-based telecommunications and digital service provider Mobily, have announced a partnership “to launch MoneyGram’s leading international money… Read More

MoneyGram Defends itself Against CFPB, New York AG Attacks

  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

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

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

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

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

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

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

  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

  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

  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

    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

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

  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

  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

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

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