MoneyGram International, Inc. is an American money transfer company based in the United States with headquarters in Dallas, Texas. It has an operations center in St. Louis Park, Minnesota and regional and local offices around the world. MoneyGram businesses are divided into two categories: Global Funds Transfers and Financial Paper Products. The company provides its service to individuals and businesses through a network of agents and financial institutions.
In 2014, MoneyGram was the second largest provider of money transfers in the world. The company operates in more than 200 countries and territories with a global network of about 347,000 agent offices.
Brazilian Banco Rendimento has joined RippleNet cloud. Cloud services are supposed to bring a lot of benefits to the financial institution like agility, transparency, and reduced cost.
Western Union (WU) stock rose by 11% amidst the talks on the acquisition of MoneyGram. While the acquisition is nor confirmed officially, the news has stirred positive reactions in the market.
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