MoneyGram In The News

April 20, 2022
Most of us take it for granted that we can open a bank or a credit card. But the truth is, according to the World Bank, close to one-third of adults — 1.7 billion — are still unbanked, and have no access to a transaction account. About half of unbanked people include women in poor households in rural areas or out of the workforce.
March 8, 2022
Russia’s invasion of Ukraine has spurred a rush of remittances from citizens from both countries living abroad to help their families withstand war disruptions. Transfers to Ukraine through MoneyGram, the US-based remittances company, spiked by 120% on Feb. 24th, the day Russia attacked Ukraine, while remittances to Russia rose by more than 50% the week of the invasion, said CEO Alex Holmes.
March 2, 2022
Money transfers to Ukraine have jumped since the Russian invasion. Payments to Ukranians from friends and family abroad were 121% higher on Feb. 24, the day of the invasion, than the 30-day average at MoneyGram International Inc., a major money-transfer service. Transfers increased close to 70% between Feb. 21 and Feb. 28, the company said. Remittances, or funds sent to home countries from abroad, typically increase during times of crisis. The fighting in Ukraine threatens to upend economies and livelihoods in the country.
February 28, 2022
Earlier this month, remittance major MoneyGram announced that it had entered into an agreement to be acquired by private equity firm Madison Dearborn Partners. The deal is the biggest acquisition ever in the remittance industry, and is an unexpected move in that it comes at a time when large numbers of other players in the money transfers space are looking to go public. However, for CEO Alex Holmes, it’s an opportunity to accelerate its future development without the constraints that come with making quarterly reports to the markets.
January 27, 2022
It is actually very complicated to move money around the world." MoneyGram International CEO Alex Holmes talks remittances, transfer fees, and crypto.
January 27, 2022
In the world of remittances, no major company is doing more on crypto than MoneyGram. Through key partnerships, MoneyGram is increasingly entering the cryptocurrency space not only for money transfers and settlement, but also to increase access for potential purchasers.
January 14, 2022
Cash transfer company MoneyGram International has made a strategic minority investment in crypto-cash exchange firm Coinme, giving it a 4% ownership stake. MoneyGram CEO Alexander Holmes and Coinme CEO Neil Bergquist share insights into the deal and what this means for their business operations, international expansion, and global crypto adoption.
January 10, 2022
Money transfer company MoneyGram bought a 4% stake in cryptocurrency trading company Coinme. Dallas-based MoneyGram's chairman and CEO, Alex Holmes, discusses the decision to add cryptocurrency to his firm's portfolio in the CEO Spotlight for Monday, Jan. 10, 2022.
January 5, 2022
MoneyGram has made a strategic minority investment in the cryptocurrency exchange Coinme, a move that gives it a roughly 4% ownership exchange in the company. “At MoneyGram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency,” Alex Holmes, MoneyGram chairman and CEO, said in a news release Wednesday (Jan. 5).
January 5, 2022
Remittances giant MoneyGram has acquired a minority stake (4%) in bitcoin-to-cash exchange Coinme, according to a Wednesday press release. The investment closes Coinme’s series A financing round with the aim to propel its international expansion plans and help MoneyGram bridge the bitcoin and fiat worlds.
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