Wednesday
June 3
2020

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)

Categories
Coronavirus, Finance
Tags
cash transfers, coronavirus, digital banking, financial health, mergers and acquisitions, mobile money