Digital Transactions Authoritative, insightful and timely information for payments professionals
How Google Is Tweaking Google Pay’s Utility; MoneyGram’s Digital Boost; Plus Weekly Recap
Search Results for: moneygram
MoneyGram’s Money Transfer Transactions Experience 20% Growth
MoneyGram International Inc. said its money-transfer business generated revenue of $304.9 million in the second quarter, a 20% increase from $253.1 million in the year-ago quarter. Transaction growth for the segment increased 20%, too. A full 33% of these transactions were digital, the Dallas-based payments company reported. That’s up from …
Read More »Bolt Offers Guest Checkout Alternative; Consumer Spending Gaining Strength; MoneyGram’s Bitcoin Gambit
MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21
MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …
Read More »Eye on P2P Payments: MoneyGram’s Digital Business Grows 79% And Zelle Finds Another Bank Home
MoneyGram International Inc. reported its digital business generated $57.4 million in the fourth quarter, up 79% year-over-year. Real-time transfers via Visa Direct transactions grew 650%. Meanwhile, Rising Bank, a division of Midwest BankCentre, has added Zelle, a person-to-person payments service, to its product roster. Dallas-based MoneyGram said MoneyGram Online, its …
Read More »NCR To Acquire Cardtronics; MoneyGram’s Real Time Maneuver; Debit Card Growth Outpaces Credit Cards
MoneyGram’s Links to Visa Direct And Checkout.com Hike the Stakes in Near Real Time Remittances
The remittance giants haven’t been shy over the last two years in adopting card-network technology and local payments services to close the last mile for fast transfers directly to users’ mobile devices. And MoneyGram International Inc. on Friday played its latest card in this market with an arrangement that will …
Read More »MoneyGram To Monitor SEC’s Ripple Lawsuit and other Digital Transactions News briefs from 12/24/20
MoneyGram International Inc. said it is will “continue to monitor for any potential impact” from a recent lawsuit against cryptocurrency payments firm Ripple Labs and two top executives by the U.S. Securities and Exchange Commission. MoneyGram has used Ripple’s foreign exchange blockchain since June 2019 to trade in four currencies, though the company …
Read More »MoneyGram Adds International Partners and other Digital Transactions News briefs from 10/16/20
MoneyGram International Inc. reached an agreement with Lulu Money in which consumers in Hong Kong can send or receive money at any Lulu Money location and also link to the MoneyGram network.In related news, MoneyGram and PayMaya, a payments provider in the Philippines, have agreed to launch a service that will allow …
Read More »Eye on Money Transfers: Remitly Adds 11 Mobile Wallets and MoneyGram Joins Forces with Thunes
Money transfer specialist Remitly Inc. says its mobile wallet now reaches 300 million consumers, while MoneyGram International Inc. says its deal with Thunes will add services in Africa, Asia Pacific, and Latin America. Seattle-based Remitly says consumers can now send funds through more than 24 mobile-wallet brands, many of which it …
Read More »