StageAcq - Pending | Acquired
About MoneyGram International
MoneyGram International (NASDAQ: MGI) provides money transfer services to financial institutions and retail customers. MoneyGram also provides bill payment services, issues money orders, and processes official checks in select markets.
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MoneyGram International's Products & Differentiators
We offer money transfer services through our retail business and direct-to-consumer digital business. The retail segment connects customers around the world through our global agent network of over 410,000 locations. Whether through friendly human interaction or our seamless kiosk service, customers can send and receive money to and from more than 200 countries and territories, all while picking up groceries and other essentials. The digital segment includes our leading mobile app and moneygram.com, where consumers can send money from the convenience of their own homes to any of our agent locations worldwide, a recipient's bank account or a recipient's mobile wallet. MoneyGram has a trusted network of two billion+ accounts around the world, which allows our customers to conveniently send money directly to their loved ones.
Research containing MoneyGram International
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned MoneyGram International in 1 CB Insights research brief, most recently on Nov 10, 2022.
Expert Collections containing MoneyGram International
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MoneyGram International is included in 3 Expert Collections, including Gig Economy Value Chain.
Gig Economy Value Chain
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
MoneyGram International Patents
MoneyGram International has filed 122 patents.
The 3 most popular patent topics include:
- Payment systems
- Payment service providers
- Mobile payments
Payment systems, Electronic funds transfer, Payment service providers, Mobile payments, Banking technology
Payment systems, Electronic funds transfer, Payment service providers, Mobile payments, Banking technology
Latest MoneyGram International News
May 17, 2023
(NASDAQ: $APCX) (NASDAQ: $FISV) (NASDAQ: $ACIW) (NASDAQ: $MGI) Vancouver, Kelowna, Delta, BC - May 17, 2023 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering Fintech stocks, releases a special report on the strategic importance of partnerships in Fintech and the mobile payments market featuring AppTech Payments Corp. ( NASDAQ: APCX ). AppTech is developing an all-in-one platform digital payments and banking, Commerse ™, that will revolutionize the Fintech industry. The Paypers analyzed the visible decrease in M&A activity as 2022 drew to a close after a prolific three quarters. In this context, partnerships in Fintech and digital banking proved the rising trends in the ecosystem; moreover, they are globally verged towards consolidating financial resilience and opportunity, in order to meet rising customer expectations for security, flexibility, and settlement speed. AppTech has a history of building strategic partnerships to build on its global reach and recently signed a Memorandum of Understanding (MOU) with Broadnet Technologies, LLC ( https://www.broadnet.me/ ), a Tier 1, SMS/Text Provider and Aggregator. From the news: The Company anticipates executing a definitive Strategic Partnership Agreement, Patent License Agreement, and Channel Partner Agreement within sixty days from the announcement of the MOU. After the definitive agreements are executed, the partnership will expand AppTech's reach in the global text-to-pay space, offering AppTech's Commerse™ platform to Broadnet's global customer base. In addition, AppTech and Broadnet will offer two-way SMS and a suite of SMS tools to the global market. The Patent License Agreement will license AppTech's SMS and Mobile Payment patents to Broadnet, thereby expanding the Company's footprint by supporting integrations with its patent-based portfolio in text-to-pay and SMS solutions. "Once fully executed, these pending agreements will allow AppTech to offer our intellectual property and suite of Commerse™ products to Broadnet's customer base. In addition, the Company plans to roll out a link to phone and invoice payment checkout experience using text to pay," said Virgil Llapitan, President of AppTech Payments Corp. "We look forward to working closely with the Broadnet team in what we expect to be a mutually beneficial partnership that will drive long-term growth and ultimately build shareholder value." The partnership will build upon licensing AppTech's intellectual property, including but not limited to Payments-as-a-Service ("PaaS"), Banking-as-a-service ("BaaS"), text-to-pay, and two-way SMS. The integration with Broadnet's network will bolster AppTech's fully integrated approach to all payments experiences and purchasing journeys. As a result, the partnership will empower AppTech to continue the development, growth, and launch of Commerse™ and Broadnet to offer payments to their more than 60,000 clients worldwide. Starting from BroadNet's HQ in Beirut, Lebanon, Broadnet has offices and branches in 13 countries on 4 continents, with more being planned. The Company's website shows an elite client base, including Google, McDonalds, Adidas and Uber that trust and use their services. Broadnet built the first short message service center (SMSC) gateway, which is the portion of a mobile phone network that handles text message operations and is responsible for receiving, storing, routing, and forwarding SMS messages from mobile handsets. In late April, AppTech also announced a strategic partnership with Corix Solutions, LLC ( https://www.corixsolutions.io/ ), an integrator of the open-source Waves Enterprise blockchain. The partnership strengthens AppTech's global reach and expands the Company's footprint by supporting integrations with its patent-based portfolio in text-to-pay, geolocation-based solutions, and peer-to-peer mobile payment systems. Fiserv, Inc. ( NASDAQ: FISV ), a leading global provider of payments and financial services technology solutions and Central Payments L.L.C., a banking-as-a-service (BaaS) provider, announced a partnership enabling Fintech, enterprise businesses and payment facilitators to bring financial products and services to market with greater speed and growth potential. From the news: "This combination of technology, services, program management and bank partners will help any business become a fintech without the need to add the staff or expertise to manage the program in-house," said Eric Cotton, Executive Vice President and General Manager at Central Payments. "Those that may want to manage their program in-house eventually can also use our services as a lower risk model to get to market quickly with a proof-of-concept." ACI Worldwide ( NASDAQ: ACIW ), a global leader in mission-critical, real-time payments, announced earlier this month it has teamed up with MagicCube, the creator of i-Accept™, to deliver secure and seamless contactless payments on commercial off-the-shelf (COTS) smartphones and tablets using Tap to Pay—with or without PIN. The solution will provide mid-size and large retailers operating in complex environments with device-agnostic control and visibility of transaction data. This comes on the heels of MagicCube's announcement extending its platform to big-box retailers. Among the new ACI capabilities powered by i-Accept are multi-acquirer and multi-merchant support from one platform and direct integration into complex systems with no impact on Payment Card Industry (PCI) Data Security Standard scope or certification. The solution also offers flexible management of acceptance rules across numerous geographies and message translation across different standards. "We are proud to launch our partnership with MagicCube to expand their industry-leading offering for growth beyond traditional and legacy payment terminals," said Basant Singh, Head of ACI Worldwide's merchant segment. "ACI's Payments Orchestration Platform gives thousands of merchants and payment service providers globally the tools and technology to increase conversion rates and grow their business by making payments part of a smooth, seamless, and secure customer journey." Carrefour Group and MoneyGram International, Inc. ( NASDAQ: MGI ), a leading global financial technology company that connects the world's communities, announced they will expand MoneyGram services to over 500 Carrefour locations in multiple markets in 2024. From the news: Carrefour customers across Europe and Latin America will now be able to send money from their local hypermarket or supermarket to loved ones in over 200 countries and territories around the world. MoneyGram will support Carrefour on the operational management of this new service, including technical implementation, compliance and customer service. "The history of our collaboration with MoneyGram in the Romanian market for over 10 years has enabled us to measure the value proposition of adding money transfer to our traditional banking activities, which has helped us confirm its a growing need for our customers," said Benjamin Dubertret, Group Director of Financial and Merchant Services at Carrefour. "MoneyGram's global expertise in money transfers between individuals will enable us to offer a simple, unified and secure service in eight Carrefour countries. This collaboration is in line with our ambition to constantly meet the needs of our customers on a daily basis with the best services." "We are excited to partner with Carrefour and expand our leading services across their global network," said Alex Holmes, MoneyGram Chairman and CEO. "As consumer demand continues to vary based on market-specific needs, we understand the importance of providing options. This partnership with one of the largest retailers in the world underscores our ongoing commitment to putting customers first and driving access to convenient and reliable cross-border payments. We look forward to continued growth through this strategic collaboration." Fintech companies like AppTech Payments Corp. ( NASDAQ: APCX ) see the win-win and value add in partnering. FintechFutures.com, reporting on the top five fintech partnerships in 2022 said, "Working together, individual organizations and firms can achieve more. This year has seen a number of Fintech partnerships spring up as they look to tackle problems, innovate and provide value for consumers across the world." About Investorideas.com - Big Investing Ideas
MoneyGram International Frequently Asked Questions (FAQ)
When was MoneyGram International founded?
MoneyGram International was founded in 2003.
Where is MoneyGram International's headquarters?
MoneyGram International's headquarters is located at 1550 Utica Avenue South, Minneapolis.
What is MoneyGram International's latest funding round?
MoneyGram International's latest funding round is Acq - Pending.
Who are the investors of MoneyGram International?
Investors of MoneyGram International include Madison Dearborn Partners, Ripple, The Brink's Company, Thomas H. Lee Partners and Goldman Sachs.
Who are MoneyGram International's competitors?
Competitors of MoneyGram International include CashQ, Leaf Global Fintech, Remessa Online, TransferGo, Global66 and 14 more.
What products does MoneyGram International offer?
MoneyGram International's products include Money Transfers and 3 more.
Compare MoneyGram International to Competitors
ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.
Western Union (NYSE: WU) provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The company was founded in 1851 and is based in Denver, Colorado.
Global66 is a financial technology company. It offers online money transfer and money order services such as money transfer services, money orders, and more. It was founded in 2018 and is based in Santiago, Chile.
CashQ develops a cross-border payment processing platform for business. It was founded in 2019 and is based in Miami, Florida.
TransferMate, a subsidiary of CluneTech, is a provider of B2B payments infrastructure as a service, enabling companies to send and receive cross-border payments faster, easier, and at lower cost. Banks, fintech companies, and software providers partner with TransferMate to offer an enhanced user experience for their business customers. The TransferMate API solution allows partners to digitalize the payments flow within their software, enabling all businesses to achieve significant time and financial savings. The company was founded in 2010 and is based in Kilkenny, Ireland. It operates as a subsidiary of Clunetech.
Payall provides correspondent banking as a service. It offers and supports cross-border payment and international funds transfer infrastructure for banks, credit unions, money institutions, and other financial institutions. The company was founded in 2018 and is based in Miami Beach, Florida.
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