MGI Stock Recent News

Consumer finance company CreditCare Technology has teamed up with MoneyGram to expand further into the emerging markets of the Philippines, Vietnam and Nigeria. Based in San Francisco, CreditCare provides financial products to unbanked people, including personal loans and remittances.

Cryptocurrency infrastructure provider Wyre has integrated with digital payments platform MoneyGram's global on- and off-ramp service for digital wallets that debuted last month on the Stellar Network, according to a Wednesday (July 6) press release.

Time to put money to work. Merger arb spreads are wide.

MoneyGram (MGI) teams up with Mobily Pay to offer seamless global digital money transfers utilizing the latter's mobile wallet powered by MGI's capabilities.

MoneyGram International on Thursday (June 2) announced a partnership with Saudi Arabia-based mobile wallet Mobily Pay that will bring MoneyGram's international money transfer capabilities to Mobily Pay, giving users the ability to send money around the world in near real time. The latest launch adds to MoneyGram's fleet of integrations for its white-label product that […]

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes told Bloomberg. Remittances make up 20% of its GDP.

MoneyGram thinks there could be a future in crypto, Bloomberg reports, as it prepares to roll out a service for users to convert stablecoins to hard currency. The report notes that this would be done in partnership with the Stellar blockchain.

MoneyGram International's (MGI) Money Transfer business continues to perform well on the back of its rising cross-border transactions.