MoneyGram’s first-quarter revenue and earnings missed Wall Street expectations on Tuesday (May 8), but the company is reporting early benefits from a new money transfer deal with Walmart and detailed how it plans to do better with digital. MoneyGram revenue declined 2 percent year over year...
Western Union’s first quarter results, released Tuesday (May 1), benefited from growth in digital C2C transactions as executives expressed confidence that they could fend off Walmart’s recent entry into the global money transfer space. Consumer-to-consumer revenue that stemmed from WesternUnion.com increased 23 percent in the...
Sizzle Of The Week, The Great Bikesharing Boom Bicycles in their modern form became common in the early 20th century, making them a brilliant innovation that had the misfortune of showing up on the scene shortly before a slightly better one rolled out: the automobile....
Sending funds overseas is big business in the United States. According to the World Bank, in 2016, roughly $138 billion in remittances were sent from the U.S. to receivers worldwide. On the strength of those numbers alone, Walmart’s interest in expanding its domestic P2P transfer service made perfect sense: It’s an enormous market –...
October 12, 2018
For 73 percent of Americans, participating in the digital economy is easy. All they have to do is secure internet access, enter their relevant credit, debit or bank account numbers with the merchants and service providers they want to buy from, and set up their mobile banking app. After that, paying bills, sending money to […]
May 08, 2018
MoneyGram’s first-quarter revenue and earnings missed Wall Street expectations on Tuesday (May 8), but the company is reporting early benefits from a new money transfer deal with Walmart and detailed how it plans to do better with digital. MoneyGram revenue declined 2 percent year over year in the first quarter, to $380 million. That was lower […]
