Moneygram International Incorporated (MGI)

[Reeftanker]

MoneyGram (MGI) Launches New Service for Business Customers

https://finance.yahoo.com/news/moneygram-mgi-launches-business-customers-111111240.html

Zacks Equity Research
Thu, March 25, 2021, 6:11 AM

MoneyGram International, Inc. MGI announced the launch of 'MoneyGram as a Service‘. This new business line enables other companies to access MoneyGram’s leading global money transfer network through its powerful API-driven infrastructure and best-in-class technology.

With this service, enterprise customers will be able to use MonayGram’s core capabilities as productized service offerings to meet their various business needs and quickly add services and scale. A productized service offering is a specially ‘done for you’ solution.

This endeavor by MoneyGram is in sync with its strategy of digital transformation of its business. With this new business line, the company will be able to enter a market estimated to be $17 billion in 2024 with a CAGR of about 24% over the forecast period.