Last $9.30 USD
Change Today +0.75 / 8.77%
Volume 408.7K
MGI On Other Exchanges
As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

moneygram international inc (MGI) Snapshot

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52 Week High
02/25/14 - $20.20
52 Week Low
01/14/15 - $7.55
Market Cap
Average Volume 10 Days
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Dividend Yield

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moneygram international inc (MGI) Details

MoneyGram International, Inc., together with its subsidiaries, provides money transfer and payment services in the United States and internationally. The company operates in two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer and bill payment services primarily to unbanked and under banked consumers. Its bill payment services allow consumers to make bill payments, pay routine bills, or load and reload prepaid debit cards to various billers in the credit card, mortgage, auto finance, telecommunications, corrections, satellite, utilities, property management, prepaid card, and collections industries. This segment provides money transfer services through its network of agents, as well as through company-owned retail locations. It also offers money transfer services on the Internet via its MoneyGram Online service, as well as through kiosks, ATMs, prepaid cards, and direct-to-bank account products. The Financial Paper Products segment provides money orders to consumers through its retail and financial institution agent locations; and offers official check services for financial institutions. This segment sells its money orders under the MoneyGram brand, as well as on a private label or co-branded basis with retail and financial institution agents. MoneyGram International, Inc. was founded in 1926 and is headquartered in Dallas, Texas.

2,590 Employees
Last Reported Date: 11/13/14
Founded in 1926

moneygram international inc (MGI) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $909.5K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $363.1K
Executive Vice President of Europe and Africa
Total Annual Compensation: $505.5K
Executive Vice President of Human Resources a...
Total Annual Compensation: $357.7K
Compensation as of Fiscal Year 2013.

moneygram international inc (MGI) Key Developments

Carl-Olav Scheible to Leave MoneyGram International, Inc. as Executive Vice President, Europe and Africa on February 28, 2015

On January 8, 2015, MoneyGram International Inc. announced that Carl-Olav Scheible, Executive Vice President, Europe and Africa, will be leaving the company on February 28, 2015. As part of the company's ongoing global transformation program, the company has made several leadership and organizational changes over the last year that are necessary to transform the company into a leaner and more profitable enterprise. The company expects that all of Mr. Scheible's operating responsibilities will be assumed by existing members of the MoneyGram management team.

MoneyGram International, Inc. Launches Money Transfer Service to All Bank Accounts in India

MoneyGram International Inc. announced that customers can now send money to all rupee-denominated bank accounts in India in as little as three hours, when sent during National Electronic Funds Transfer network processing hours. This service, developed in collaboration with one of India's banks, Axis Bank, taps into the national Indian banking payments network, the NEFT network. With a real-time connection through Axis Bank, MoneyGram provides its customers around the globe with access to the efficiency and speed of the India NEFT network to send international money transfers directly into rupee-denominated bank accounts. Customers can send funds through MoneyGram to all major banks in India including Axis Bank, Punjab National Bank, ICICI, HDFC, SBI and many more.

Oman UAE Exchange and MoneyGram Join Hands for Money-Transfer Services

MoneyGram signed an agreement with Oman UAE Exchange. Under by the agreement Oman UAE Exchange and MoneyGram will offer customers in Oman more options for sending and receiving money. MoneyGram also partners Oman International Exchange LLC and Oman United Exchange Co in the sultanate. MoneyGram provides essential services to consumers who are not fully served by traditional financial institutions.


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Price/Earnings 6.8x
Price/Sales 0.4x
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