MoneyGram International Inc. reported second-quarter revenue of $410 million, flat with 2016’s second quarter on a constant-currency basis. Digital money-transfer revenue increased 10% and now accounts for 15% of total money-transfer revenue. Net income doubled to $6.2 million. In May, MoneyGram shareholders approved a merger of MoneyGram with Ant Financial Services Group, …

By John Stewart@DTPaymentNews PayPal Holdings Inc. on Tuesday cranked up the heat on a person-to-person payments market that’s already close to full boil. In a blog post on PayPal’s site, PayPal chief operating officer Bill Ready announced the company has started testing instant transfers from users’ PayPal wallets to their …

Shareholders of MoneyGram International Inc. voted overwhelmingly in favor of Ant Financial Services Group’s planned $1.2 billion acquisition of their company, Dallas-based MoneyGram announced Tuesday. A preliminary tally shows 97% of the shares voted were in favor of the deal and represented more than 82% of all outstanding shares, MoneyGram …

China-based Ant Financial Services Group, which has a deal to buy MoneyGram International Inc. for $880 million, on Wednesday fired back at Euronet Worldwide Inc. as the two firms fight for the No. 2 U.S.-based wire-transfer provider. Euronet last month submitted an unsolicited $1 billion bid for MoneyGram and has …

Yet another development has unfolded in the dueling bids for wire-transfer provider MoneyGram International Inc. As Ant Financial Services Group and Euronet Worldwide Inc. compete to acquire MoneyGram, Ant Financial on Thursday issued an open letter to MoneyGram that addresses Ant’s potential commitments to the money-transfer company. In addition to …

• China-based Ant Financial Services Group’s $880 million bid for wire-transfer provider MoneyGram International Inc. is generating increasing opposition in Congress on national-security grounds, according to press reports from Washington. U.S.-based Euronet Worldwide Inc. last month submitted an unsolicited $1 billion bid for MoneyGram. • Avangate, a subscription-management and e-commerce platform, announced …

Euronet Worldwide Inc., owner of the Ria money-transfer service, early Tuesday announced a $1 billion bid to acquire Dallas-based MoneyGram International Inc. Euronet’s unexpected bid casts a cloud of uncertainty over the $880 million buyout offer China-based Ant Financial Services Group submitted for MoneyGram in January. Leawood, Kan.-based Euronet called …

Ant Financial Services Group issued its first comments late Tuesday on Euronet Worldwide Inc.’s surprise $1 billion bid earlier in the day for MoneyGram International Inc., the wire-transfer provider for which Ant Financial bid $880 million in January. “Ant Financial remains highly committed to the consummation of our merger with …

• McDonald’s Corp. is adding order-ahead and payment features to its mobile app as part of a new global growth strategy; mobile order and pay will be enabled in 20,000 restaurants in the U.S. and other countries by year’s end, the fast-food giant giant said. • Dwolla Inc. has introduced Transfer, …

The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …