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MoneyGram expands MobilePass to 35,000+ locations

MoneyGram

The second largest remittance provider in the US, MoneyGram, is expanding its MobilePass service to its entire US network of 35,000+ agent locations.

Top fintech stories this week – 21 April 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Ant Financial wins MoneyGram board approval after upping bid to $1.2bn

MoneyGram

China’s Ant Financial Services Group appears to have beat back a surprise challenge by Euronet Worldwide to acquire MoneyGram. After raising its offer for the money transfer giant by more than one-third, to $1.2 billion, Ant Financial’s bid has earned the approval of MoneyGram’s board of directors.

MoneyGram board to further consider Euronet proposal

Euronet and Ant Financial sweet on MoneyGram

Money transfer giant MoneyGram can give further consideration to Euronet’s surprise bid to acquire the company from under the nose of Ant Financial.

Euronet bugs Ant Financial with MoneyGram move

Moneygram goes Ant Financial way

Payments firm Euronet has proposed to buy money transfer operator MoneyGram International for $15.20 per share – in turn becoming a pest to Ant Financial’s acquisition plans. As Banking Technology reported in January, Alibaba’s affiliate Ant Financial planned to splash out $880 million for MoneyGram – its first acquisition of a US-listed company. Euronet says […]

Ant Financial buys MoneyGram for $880 million

Moneygram goes Ant Financial way

Alibaba’s affiliate Ant Financial is splashing out $880 million for money transfer operator MoneyGram International. This is Ant Financial’s first acquisition of a US-listed company.

Global mobile money transfer to top $10 billion in 2013

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The value of international money transfers made via mobile phones will exceed $10bn for the first time this year, according to Juniper Research. However, the cost and complexity of regulating cash transfer has led many service providers to focus exclusively on airtime top ups, the research firm reported.

PayPal partners with MoneyGram for cash withdrawal

Customers of PayPal in the US will now be able to withdraw funds via MoneyGram

PayPal users can withdraw money from their accounts and pick up the funds via money transfer company MoneyGram, following a deal between the two US firms that also will see PayPal customers loading funds into their accounts via MoneyGram by the end of the year.

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