MoneyGram

Overview

MoneyGram is US-based global money transfer + remittance operator + retail agent network + Madison Dearborn Partners private equity controlling post-Jun 2023 ~$1.8B take-private acquisition + one of world's largest cash-based money transfer + remittance networks via 350,000+ retail agents in 200+ countries + ~50M+ annual MoneyGram customers worldwide [1, us-cro].

History

1940 — Travelers Express Company founded distinctive US money services heritage.

1998 — Travelers Express Company + Integrated Payment Systems forms MoneyGram International.

2004 — MoneyGram International NYSE IPO under ticker MGI.

Jun 2023 — Madison Dearborn Partners private equity completes ~$1.8B take-private acquisition of MoneyGram International distinctive US money services take-private heritage.

Ownership & operator

Operating entity: MoneyGram International (US-based global money transfer + remittance operator + retail agent network; Madison Dearborn Partners private equity controlling).

Major shareholders: Madison Dearborn Partners (US private equity) controlling post-Jun 2023 ~$1.8B take-private acquisition.

Regulators: FinCEN + Federal Reserve + state regulators + national regulators across 200+ countries.

Technical integration

MoneyGram mobile app (iOS + Android; ~50M+ annual MoneyGram customers worldwide) + moneygram.com online + MoneyGram retail agent network 350,000+ retail agents in 200+ countries + MoneyGram Visa + Mastercard cards; ACH + SWIFT + FedNow + cash-based money transfer + remittance + bank account transfers + mobile wallet transfers.

Implementations & partners

Major US-based + global money transfer + remittance competitors: [[western-union]] (Western Union; NYSE: WU; US-based global money transfer + remittance operator + retail agent network; world's largest money transfer + remittance network by transaction volume) + [[ria-money-transfer]] (Ria Money Transfer; Euronet Worldwide NASDAQ: EEFT US-based subsidiary global money transfer + remittance) + [[remitly]] (Remitly; NASDAQ: RELY; US-based mobile-first global money transfer + remittance) + [[worldremit]] (WorldRemit Zepz; UK-based mobile-first global money transfer + remittance) + [[wise]] (Wise; UK + global multi-currency account + cross-border transfers) + [[xoom]] (Xoom PayPal-owned US-based global money transfer + remittance) + [[paypal-app]] (PayPal; NASDAQ: PYPL; US-based global digital payment platform + Xoom + Honey + Venmo parent) + [[venmo-app]] (Venmo; PayPal-owned US-based P2P mobile wallet) + [[cashapp]] (Cash App; Block NYSE: SQ US-based P2P mobile wallet) + [[zelle]] (Zelle; Early Warning Services LLC US bank consortium P2P payment network; ~125M+ US users).

Regulators: FinCEN + Federal Reserve + state regulators + national regulators across 200+ countries.

Status

Active, US-based global money transfer + remittance operator + retail agent network + Madison Dearborn Partners private equity controlling post-Jun 2023 ~$1.8B take-private acquisition + one of world's largest cash-based money transfer + remittance networks via 350,000+ retail agents in 200+ countries + ~50M+ annual MoneyGram customers worldwide [1, 2].

Sources

• 1 MoneyGram — official
• 2 MoneyGram — Wikipedia
• us-cro In-corpus: reports/countries/US-united-states.md

Source

Biography extracted from moneygram.md. See matrix.md for standards-support matrix if present.