DALLAS, Jan. 15, 2020 /PRNewswire/ -- MoneyGram
International, Inc. (NASDAQ: MGI), a global leader in P2P
payments and money transfers, today announced a return to
global transaction growth for the month of December. The company
reported a 2 percent year-over-year increase in number of
transactions, driven by strong performance from both its global
consumer direct digital business and its international walk-in
business.
"We've been focused on digitizing each customer touchpoint and
these results highlight how consumers are increasingly valuing the
investments we've made as part of our digital transformation," said
Alex Holmes, MoneyGram Chairman and
CEO. He added: "Consumers are seeing a 'new' MoneyGram and, as a
result, our online customer retention rates have improved
significantly. We're excited about the building momentum behind our
consumer-centric capabilities."
The company also announced that MoneyGram customers sent the
largest number of international transactions ever in the
month of December. The company previously disclosed that 60 percent
of its money transfer revenue is now generated from its
international business, which continues to accelerate the company's
revenue diversification strategy as part of its digital
transformation.
MoneyGram remains focused on leading the industry in seamlessly
connecting senders and receivers. By digitizing each customer
touchpoint and creating a digitally-enabled back-office
infrastructure to support its global operations, the company aims
to provide a highly-personalized experience for fast and affordable
global money transfers.
About MoneyGram International, Inc.
MoneyGram is a global leader in cross-border P2P payments and
money transfers. Its consumer-centric capabilities enable the quick
and affordable transfer of money to family and friends in over 200
countries and territories, with over 65 countries now digitally
enabled.
The innovative MoneyGram platform leverages its leading
distribution network, global financial settlement engine,
cloud-based infrastructure with integrated APIs, and its
unparalleled compliance program to enable seamless and secure
transfers around the world.
For more information, please visit moneygram.com.
MoneyGram Media Contact:
Noelle Whittington
media@moneygram.com
214-979-1402
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SOURCE MoneyGram International, Inc.