June 3

Western Union in Frame for Moneygram Buy

By Chris Donkin

Remittance giant Western Union became the latest name linked with a buyout of rival MoneyGram, which has been the subject of numerous acquisition attempts in the last four years.

Bloomberg reported Western Union had made an offer for the company. No details or the potential price were floated for MoneyGram, which reported a sharp drop-off in transactions through physical collection channels during the Covid-19 (coronavirus) pandemic.

Photo courtesy of Monito.

Source: Mobile World Live (link opens in a new window)

Coronavirus, Finance
cash transfers, financial health