MoneyGram International Inc (MoneyGram) is a global financial technology company that provides alternative financial services. The company offers money transfer solutions such as money order, bill payment, and official check processing. The company also provides digital solutions which consists of account deposits, kiosk-based services, mobile solutions, and moneygram.com. MoneyGram primarily operates through third-party agents globally, along with some self-operated retail locations. It also offers money transfer services globally, bill payment services in the US, Canada, Puerto Rico, and selected Caribbean and European countries, and money order services in the US and Puerto Rico. MoneyGram is headquartered in Dallas, Texas, the US.
Headquarters
United States of America
Address
2828 N. Harwood Street, 15th Floor, Dallas, Texas, 75201
Website
corporate.moneygram.com
Telephone
1 214 9997640
No of Employees
3,072
Industry
Financial Services
Ticker Symbol & Exchange
MGI (NASD)
Revenue (2022)
$1.3B
5.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-379.7%
(2022 vs 2021)
Market Cap*
$1.0B
Net Profit Margin (2022)
XYZ
-353.9%
(2022 vs 2021)
* As of and is in US$
Moneygram International Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Prepaid Cards | Bill Payment | Globe design logo |
| Rewards Cards | Money Transfer | MoneyGram |
| E-Money Transfer | MoneyGram MyWay | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Acquisitions/Mergers/Takeovers | In October, the company acquired a 12% stake in Jingle Pay. |
| 2022 | Contracts/Agreements | In August, the company and Bank Alfalah announced a partnership with Babar Azam to promote the ability for consumers to use MoneyGram’s services to send money. |
| 2022 | Contracts/Agreements | In June, the company entered into an partnership with Mobily to launch its international money transfer capabilities on Mobily Pay. |
Competitor Comparison
| Key Parameters | Moneygram International Inc | PayPal Holdings Inc | Fiserv Inc | Block Inc | Global Payments Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Dallas | San Jose | Brookfield | San Francisco | Atlanta |
| State/Province | Texas | California | Wisconsin | California | Georgia |
| No. of Employees | 3,072 | 29,000 | 44,000 | 8,521 | 25,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| W. Alexander Holmes | Chief Executive Officer; Chairman | Executive Board | 2018 | 47 |
| Lawrence Angelilli | Vice Chairman | Executive Board | 2022 | - |
| Hilary Jackson | Chief Operating Officer | Senior Management | 2021 | 41 |
| Christopher H. Russell | Chief Accounting Officer | Senior Management | 2020 | 56 |
| Robert L. Villasenor | General Counsel; Corporate Secretary; Chief Administrative Officer | Senior Management | 2021 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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