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NYSE: MGI Stock Quote
NYSE: MGI Overview
MoneyGram International, Inc. (MoneyGram) is a global payment services company. The Companys products include global money transfers, bill payment solutions and money orders. MoneyGram conducts its business through its wholly owned subsidiary MoneyGram Payment Systems, Inc. (MPSI). The Company operates in two segments: Global Funds Transfer and Financial Paper Products. In July 2008, the Company acquired MoneyCard World Express, S.A. (MoneyCard) and Cambios Sol S.A. (Cambios Sol), two of its former super-agents in Spain. On February 2, 2009, the Company acquired the French assets of R. Raphaels & Sons PLC (Raphaels Bank). On February 5, 2010, the Company acquired Blue Dolphin Financial Services N.V. (Blue Dolphin), a former super-agent in the Netherlands.
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