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MoneyGram Expands Blockchain Services as Ripple Invests Another $20 Million
Following up on a $30-million investment in June, blockchain-services provider Ripple Labs Inc. has made another $20-million equity investment in wire-transfer provider MoneyGram International Inc., making Ripple the owner of nearly 10% of MoneyGram’s common stock. Announced Monday, the new investment is no surprise. The companies indicated in June it …
Read More »Western Union and MoneyGram Report Digital Growth, but Falling Revenues
The big wire-transfer providers The Western Union Co. and MoneyGram International Inc. continue to develop their digital services as their agent-based business models struggle in a fast-changing market against rising online players. The two firms on Thursday both reported declining revenues in the third quarter, but Western Union made money …
Read More »Facebook’s Libra Is Official; A New MoneyGram-Ripple Pact; Celero Commerce’s Two Acquisitions
Can MoneyGram And Ripple, ‘Two Wounded Ducks,’ Take Flight With Their New Pact?
Its long-term prospects for success are unclear, but the investment and cross-border payments partnership struggling wire-transfer provider MoneyGram International Inc. announced late Monday with blockchain-services developer Ripple Labs Inc. certainly produced a short-term bang by doubling the value of MoneyGram’s beaten-down stock. As part of the deal, Ripple invested $30 …
Read More »Regulators Hit MoneyGram for $125 Million; AmEx’s China Breakthrough; Plus Weekly Recap
MoneyGram Hit by Government Settlement, Declining Revenues
Shares of wire-transfer provider MoneyGram International Inc. tumbled 29% Friday morning after the company reported declining revenues and a $125 million settlement with the federal government over lax fraud controls at some agent locations. The settlement involves “allegations that the company failed to take steps required under a 2009 Federal …
Read More »No Rest for Payments Incumbents; Diebold’s Financial Woes Ease; MoneyGram Online Expands
MoneyGram Expands Its Online Platform Into Five New Markets
Wire-transfer provider MoneyGram International Inc. once again is expanding to more markets. This time, the company announced Monday, consumers in Ireland, Poland, Sweden, Norway, and Denmark are the latest to have access to the company’s online platform. MoneyGram’s online service is now available in 15 nations. In July, it expanded …
Read More »MoneyGram Cements Its Ties With Walmart Through New International Service
Wire-transfer provider MoneyGram International Inc. and Walmart Inc. announced a new international service Tuesday dubbed Walmart2World that the companies say enables recipients to get funds in as little as 10 minutes. The long-time partners also renewed for two years the contract under which Walmart offers MoneyGram’s various money-transfer and bill-pay …
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