Welcome to our dedicated page for Moneygram Intl news (Ticker: MGI), a resource for investors and traders seeking the latest updates and insights on Moneygram Intl stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Moneygram Intl's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Moneygram Intl's position in the market.
MoneyGram International, Inc. (NASDAQ: MGI) announced a partnership with Digital Financial Services LLC, enabling real-time cross-border money transfers for millions of eWallet customers in the UAE. This collaboration enhances MoneyGram's reach to over 200 countries through mobile wallet operators and walk-in locations. Grant Lines, MoneyGram's Chief Revenue Officer, highlighted the partnership's potential to boost digital growth in the Middle East. eWallet offers a digital payment service that simplifies transactions for UAE residents without the need for a bank account.
MoneyGram International (MGI) announced a partnership with Global Money Express Co. (GME), enhancing its presence in South Korea's P2P payment market. This collaboration will connect GME customers to MoneyGram's global network, facilitating money transfers to over 200 countries. The partnership aims to benefit consumers especially sending funds from South Korea to China and South Asia. MoneyGram's digital transactions saw a 100% year-over-year growth in May 2020, showcasing strong digital growth as they expand service offerings in a market with annual outflows of approximately $13.4 billion.