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November 25, 2015 8:24 AM ET

Consumer Finance

Company Overview of MoneyGram Payment Systems, Inc.

Company Overview

MoneyGram Payment Systems, Inc. provides money wire transfer services. It also provides an express bill payment service through its agent locations in the United States. The company was founded in 1988 and is based in Lakewood, Colorado. MoneyGram Payment Systems, Inc. operates as a subsidiary of Moneygram International Inc.

7401 West Mansfield Avenue

Lakewood, CO 80235

United States

Founded in 1988

720 Employees





Key Executives for MoneyGram Payment Systems, Inc.

Executive Vice President, Director and General Manager - International
Age: 63
Compensation as of Fiscal Year 2015.

MoneyGram Payment Systems, Inc. Key Developments

EcoCash Strikes Moneygram Partnership, Move Set to Boost Cash Inflows

EcoCash has partnered with MoneyGram to expand its money transfer service worldwide while fulfilling its corporate responsibility to boost financial inflows into Zimbabwe. The new partnership allows EcoCash to widen its reach more than 200 world countries already being serviced by MoneyGram.

MoneyGram Payment Systems Inc. and Wal-Mart Stores Inc. Agree to Extend Master Trust Agreement Term

MoneyGram Payment Systems Inc. and Wal-Mart Stores Inc. amended a master trust agreement, pursuant to which both parties agreed to extend the initial term of the agreement until June 30, 2016. The initial term of the agreement was previously scheduled to expire March 31, 2016. The parties have been in talks about the continued provision of MoneyGram's products and services to be offered in Wal-Mart stores.

UnionPay International and MoneyGram Declare Global Cooperation Offer Cross-Border Remittance Service in and Outside China

UnionPay International and MoneyGram jointly declared global cooperation offer cross-border remittance service in and outside China, extending cross-border remittance service of UnionPay Card to more than 200 countries and territories. Service will be first available in Singapore, Japan, Australia and US, where remitters will be able to remit money through outlets of MoneyGram to UnionPay Card holders in China, with remittance upper limit reaching USD 3000. Service will be available in other market in 2015.

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