MoneyGram - Competitor Profile

MoneyGram - Competitor Profile

Summary

MoneyGram is one of the world’s largest cross-border money transfer payment companies. Founded in 1988, the company provides money transfer and payment solutions globally in 200 countries and territories and in over 47 currencies. Money can be transferred online through bank accounts, credit cards, and debit cards, as well as in the form of cash payments at any of MoneyGram’s retail agent locations. The service is available at over 410,000 locations globally.

Aside from money transfers, customers can pay utility bills, healthcare bills, and car notes; check their bill payment history; and send money orders. The latter service enables customers to send money orders from a network of 430,000 MoneyGram agent locations. In addition, MoneyGram offers services such as inventory management, real-time updates, and daily balancing and reconciliation.

The report provides information and insights into MoneyGram including -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its performance
• The company's important events and milestones

• In 1988, MoneyGram Payment Systems Inc. was formed as a subsidiary of Integrated Payment Systems Inc.
• In August 2010, MoneyGram partnered with media company Univision Communications, enabling Univision’s Mastercard prepaid card customers to load money at 35,000 MoneyGram agent locations in the US.
• In September 2019, MoneyGram introduced a new debit card deposit service in collaboration with Visa. The service leverages Visa’s real-time push payments platform Visa Direct to facilitate domestic money transfers to debit card holders in the US.
• In June 2022, MoneyGram launched a global crypto-to-cash service on the Stellar network.

• Gain insights into MoneyGram's business operations and key events.
• Gain insights into its product portfolio.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.