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MoneyGram is a money transfer service that is accessible to people and businesses on a global scale. As a money transfer agency, the company offers the most efficient and fastest way to conduct financial transactions while guaranteeing security and reliability. 

MoneyGram allows you to transfer funds to and from bank accounts, mobile phones, as well as paying bills and obtaining loans. The company offers a variety of methods of payments including cash, debit card, credit card, or bank transfers. MoneyGram is the second-largest money transfer company in the world, as of 2019.

Company History

MoneyGram was founded in 1940 in Minneapolis and was originally known as Travelers Express Co., Inc. Its parent company Viad Corp bought MoneyGram Payment Systems, Inc. in 1998. Travelers Express Co., Inc. merged with MoneyGram Payment Systems to form MoneyGram which was later sold by Viad Corp in 2004 to become the present-day independent company, MoneyGram. MoneyGram is based in the United States with its headquarters in Dallas, Texas. 

Business Operations

MoneyGram makes use of its modern API-driven platform to work with various businesses and brands to serve consumers via MGO (MoneyGram Online). It also offers Bill Payment Services that enable consumers to pay existing bills or urgently make payments to creditors. MoneyGram also provides the option of using money orders since it is the second-largest money order supplier in the world. 

Official cheques are available in MoneyGram to be used by financial institutions to fulfill their obligations and payees who might require one drawn by a bank. MoneyGram is accessible in over 200 countries in the world with over 50 currencies and 380,000 locations. 

As of 2019, MoneyGram had achieved total revenue of $900 million serving over 150 million people in the world. It faces competition from corporations such as Western Union, Currency Fair, Travelex, WorldRemit, TransferMate, and many more.

Mission and Vision

The mission of MoneyGram is to financially connect people in different parts of the world by providing efficient and reliable money transfer services using digital P2P transfers. 

Over the years, MoneyGram has experienced tremendous growth that has seen it enter new markets from 3 to 24 new markets in just 10 months. The major focus fueling this growth is the need to compete in today’s competitive industry and offer unmatched services.

Conclusion

MoneyGram is a money transfer platform that always strives to deliver on its strategy and expand its digital services internationally as enshrined in the company’s mission statement. As of 2019, MoneyGram Online has become one of the fastest-growing money transfer platforms in the industry.

FAQ

How many employees does MoneyGram have?

MoneyGram has a total of 2,269 employees all over the world as of 2020.

Which bank does MoneyGram use?

MoneyGram uses the Bank of America which provides wire transfer services through MoneyGram.

Can I get a refund from MoneyGram?

Yes, you can if you cancel the MoneyGram payment within 30 minutes and up to 180 days but only for the money sent and not the fees incurred. 

Typical Hours of Operation

Mo 11:00 - 20:30
Tu 11:00 - 20:30
We 11:00 - 20:30
Th 11:00 - 20:30
Fr 11:00 - 20:30
Sa 11:00 - 20:30
Su 11:00 - 20:30

Locations: 18446 locations in 51 states and 4290 cities.

Info

Specialties: Marine, Heavy Duty, Exhaust Pipes, Interior Accessories, ATV, Exterior Accessories, Auto Parts, Recreational Vehicles, Farm & Agriculture, Hydraulic Hoses Fixing, Lawn & Garden

Categories

  • Money Transfer Service

Amenities

  • accepts credit cards

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