MoneyGram International Inc
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About MGI
MoneyGram International, Inc. is a provider of cross-border peer-to-peer (P2P) payments and money transfer services. The Company operates through two segments, Global Funds Transfer (GFT) and Financial Paper Products (FPP). The GFT segment provides global money transfer services and bill payment services principally as an alternative to banking services. It offers services through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions. It also provides digital solutions such as moneygram.com, mobile app solutions, account deposit and kiosk-based services. The FPP segment provides money orders to consumers through its agents and financial institutions located throughout the United States and Puerto Rico and provides official check outsourcing services for banks and credit unions across the United States. The Company conducts business through its subsidiary, MoneyGram Payment Systems, Inc., under the MoneyGram brand.
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