MoneyGram

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Earnings data Q1 2024

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MoneyGram is a global payment services company. The company’s products include global money transfers, bill payment solutions, and financial paper products. It conducts its business through its wholly-owned subsidiary MoneyGram Payment Systems, Inc. (MPSI). MoneyGram operates in two segments: Global Funds Transfer and Financial Paper Products and offers its money transfer services on the Internet through its MoneyGram Online service in the United States, United Kingdom, and through agent Websites in Italy, Saudi Arabia, and Japan. It also offers money transfer services via mobile phone, kiosks, ATM, receive cards, and direct-to-bank account products in various markets worldwide. Effective July 8, 2013, MoneyGram International Inc acquired Latino Services, an Atlanta-based provider of money transfer services.

MoneyGram (MGI) partners with the mobile wallet of Jamaica - Lynk, to enable consumers of the country to receive hassle-free remittances through their smartphones.

MoneyGram (MGI) Ties Up to Ease Remittance Receipts in Jamaica

Lynk's fast-growing user base now has the ability to receive cross-border payments directly to their smartphones MoneyGram is the first money transfer organization to bring this capability to market in Jamaica DALLAS , March 10, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced a partnership with Lynk, the mobile wallet powered by National Commercial Bank Financial Group (NCBFG), the largest financial group in Jamaica. Through this partnership, Lynk's fast-growing user base now has the ability to receive cross-border payments directly to their smartphones.

MoneyGram Introduces Digital Receive Capabilities in Jamaica through Partnership with Lynk, the Largest Mobile Wallet in the Country

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing MoneyGram International (MGI) Right Now?

MoneyGram International's (MGI) Q4 results reflect record-high digital revenues and digital transactions growth. The company benefits from lower operating expenses and increased investment income.

MoneyGram (MGI) Q4 Earnings Beat on Record Digital Revenues

Digital revenue reached an all-time high of $98.6 million and digital transactions reached 47% of money transfer transactions at the end of the fourth quarter Digital transactions increased 47% in the fourth quarter over the prior year DALLAS , Feb. 24, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its fourth quarter ended December 31, 2022. Fourth Quarter Business Highlights "MoneyGram reported strong results in the fourth quarter, rounding out a milestone year for the company and our innovative digital cross-border platform," said Alex Holmes, MoneyGram Chairman and CEO.

MoneyGram International Reports Fourth Quarter and Full-Year 2022 Results

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One Regulatory Approval Remains and Closing Now Expected End of Q1/Early Q2 DALLAS , Jan. 30, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a leading global financial technology company that connects the world's communities, today provided an update on its previously announced agreement to be acquired by funds affiliated with Madison Dearborn Partners, LLC ("MDP"). As previously disclosed, all regulatory approvals that are conditions to closing have been received except for one international money transmission regulatory approval.

MoneyGram Provides Further Update on Timing of Closing of Merger Transaction with Madison Dearborn Partners

BOTIM, the largest and most popular VoIP solution in MENA, is now the region's first communications platform to enable its users to seamlessly send money around the world Astra Tech, the owner of BOTIM, is the latest organization to embed MoneyGram's leading fintech capabilities into its service offerings DALLAS , Jan. 25, 2023 /PRNewswire/ -- MoneyGram International, Inc.  (NASDAQ: MGI), a leading global financial technology company that connects the world's communities, today announced a strategic partnership with Astra Tech (Astra), a technology investment and development group based in the United Arab Emirates (UAE) and the owner of BOTIM, the largest and most popular Voice over Internet Protocol (VoIP) solution in the Middle East and North Africa (MENA) with over 90 million registered users. Through this innovative partnership, BOTIM is the region's first communications platform to enable its users to seamlessly send money around the world in near real-time.

MoneyGram Joins Forces with BOTIM to Launch International Money Transfer to Over 200 Countries

The Company has been named a recipient of the 2023 Top Workplaces USA award, an honor based entirely on employee feedback as part of leading employer recognition program Top Workplaces The award measures culture drivers including employee alignment with the company strategy, confidence in the company's trajectory, and opportunities for personal career growth and development DALLAS , Jan. 18, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, has been named a recipient of the 2023 Top Workplaces USA award. This honor is based entirely on employee feedback as part of Top Workplaces, the leading employer recognition program in the United States, and it marks the second consecutive year that MoneyGram has received the award.

MoneyGram Recognized as Top Workplace in the USA for Second Consecutive Year

NEW YORK , Jan. 12, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of MoneyGram International, Inc. ("MoneyGram" or the "Company") (NASDAQ: MGI). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MoneyGram International, Inc. - MGI

MoneyGram has partnered with CellPay to expand its payment option to over 30,000 billers. “This strategic partnership further accelerates both companies' growth in a highly competitive bill payment arena,” the companies said in a news release Tuesday (Dec. 27).

MoneyGram Teams With CellPay to Expand Bill Payment Offering

MoneyGram and MDP have received all but one regulatory approval and expect to close the transaction in early Q1 2023 DALLAS , Dec. 21, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a global leader in the evolution of digital P2P payments, today provided an update on its previously announced agreement to be acquired by funds affiliated with Madison Dearborn Partners, LLC ("MDP"), which was approved with over 99% of shareholder votes cast in favor of the merger in May of this year. Over the past few months, the Company and MDP have made significant progress toward completing the closing conditions to the merger and expect to complete the transaction early in the first quarter of 2023.

MoneyGram Nears Completion of Merger Transaction with Madison Dearborn Partners

MoneyGram (MGI) introduces MGO in Brazil, by virtue of which the country's consumers can engage in hassle-free global digital money transfers.

MoneyGram (MGI) Unveils Digital Money Transfers in Brazil

Consumers can now use the Company's leading website to send funds from Brazil in near real-time to family and friends around the world MoneyGram is continuing to execute its strategy to accelerate the growth and geographic expansion of MoneyGram Online DALLAS , Dec. 20, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a global leader in the evolution of digital P2P payments, today announced the launch of MoneyGram Online ("MGO") in Brazil. Consumers can now use the Company's leading website to send funds from Brazil in near real-time to family and friends around the world.

MoneyGram Launches MoneyGram Online ("MGO") Website in Brazil

MoneyGram (MGI) reported earnings 30 days ago. What's next for the stock?

Why Is MoneyGram (MGI) Up 3.9% Since Last Earnings Report?

MoneyGram (MGI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

MoneyGram (MGI) Upgraded to Buy: What Does It Mean for the Stock?

MoneyGram (MGI) collaborates with Beyon Money to help Bahrain's consumers engage in hassle-free global outbound money transfers utilizing the former's widespread global network.

MoneyGram (MGI) Ties Up to Ease Money Remittances in Bahrain

MoneyGram's (MGI) third-quarter results reflect higher digital money transfer revenues and solid segmental contributions, partly offset by rising operating costs.

MoneyGram (MGI) Up Despite Q3 Earnings Miss, Revenues Up Y/Y

Consumers in Bahrain will be able to use the Beyon Money app to send money in near real-time to over 200 countries and territories around the world This partnership builds upon the Company's several recent successes with digital partners across the Middle East, one of the world's largest and fastest-growing outbound remittance regions DALLAS , Nov. 14, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company"), a global leader in the evolution of digital P2P payments, today announced a new partnership with Beyon Money, the first financial super app in Bahrain, owned by leading telecommunications company Batelco. Through this partnership with MoneyGram, consumers in Bahrain will be able to use the Beyon Money app to send money in near real-time to over 200 countries and territories around the world.

MoneyGram Announces Partnership with Beyon Money to Enhance Cross-Border Payment Capabilities on Bahrain's First Financial Super App

MoneyGram (MGI) delivered earnings and revenue surprises of -15.38% and 1.54%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

MoneyGram (MGI) Misses Q3 Earnings Estimates

Digital revenue reached an all-time high of $95 million and digital transactions reached 45% of money transfer transactions at the end of the third quarter Digital transactions increased 39% over the prior year DALLAS , Nov. 8, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its third quarter ended September 30, 2022. Third Quarter 2022 Business Highlights "In the third quarter, we delivered 9% year-over-year revenue growth on a constant currency basis despite continued global macro-economic uncertainty.

MoneyGram International Reports Third Quarter 2022 Results

(Kitco News) - MoneyGram International has launched a new service that allows U.S.-based users of its MoneyGram mobile app to buy, sell, and hold BTC, ETH and LTC.

MoneyGram now allows U.S. users to buy and hold crypto on its mobile app

Through this strategic partnership, consumers in the UAE can use the Jingle Pay app to send money in near real-time to over 200 countries and territories around the world MoneyGram has also completed a minority investment in Jingle Pay, providing the Company with a direct ownership position in the startup DALLAS , Oct. 4, 2022 /PRNewswire/ --  MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, and Jingle Pay , a financial super-app based in the United Arab Emirates (UAE), today announced a partnership to enable convenient and fast global money transfers through the Jingle Pay app. Consumers in the UAE can use the Jingle Pay app – powered by MoneyGram's global payment rails and near real-time capabilities – to send money to over 200 countries and territories around the world.

MoneyGram Announces Strategic Partnership and Minority Investment in UAE-Based Fintech Startup Jingle Pay

Partnership with MoneyGram (MGI) is expected to enable e& money mobile-wallet users to send money globally in near real-time.

Here's Why MoneyGram (MGI), e& Alliance Extension is Significant

MoneyGram is expanding its partnership with technology and investment group e&, a move the companies say will let nearly 160 million people use the e& mobile wallet to send money around the world in near-real time.

News for MoneyGram Stock (MGI)