MoneyGram International

What MoneyGram International does

MoneyGram International is a global money transfer and cross-border payments company headquartered in Dallas, Texas, operating a network of 470,000+ retail agent locations across 200+ countries and territories and serving approximately 50 million customers. The company processes more than $200 billion in annual transaction volume, making it the world's second-largest money transfer provider, and generates revenue primarily through per-transaction fees, currency exchange margins, and a portfolio of ancillary services including bill pay (13,000+ billers), mobile top-ups (600+ operators across 150+ countries), and money orders. Distribution spans in-person agent locations, the MoneyGram mobile app (4.8 App Store rating), the online platform, and a B2B API/developer portal, targeting individual remittance senders, unbanked populations, bill payers, and mobile top-up users globally. The company was taken private in 2023 by Madison Dearborn Partners in a transaction valued at approximately $1.8 billion, with the Stellar Development Foundation taking a minority stake and a board seat.

The company's underlying technology combines traditional fiat payment rails with a multi-chain blockchain strategy. It operates as a validator on the Solana proof-of-stake network, the Tempo Layer 1 (co-developed by Stripe and Paradigm), and the Cardano Midnight privacy sidechain, while issuing the MGUSD U.S. dollar stablecoin on the Stellar blockchain through Bridge (Stripe-owned) with M0 smart contracts and Fireblocks wallet security. MoneyGram Ramps, an API product launched in 2025, connects crypto wallets to physical cash at 170+ countries, and high-profile B2B partnerships with Kraken, NALA, and Zebec extend the network into crypto off-ramps and stablecoin-based payroll. The company is led by CEO Anthony Soohoo, is licensed as a money transmitter in all 50 U.S. states plus international jurisdictions, and targets a digital revenue mix above 50% and EBITDA margins of 20–25% under its current private-equity ownership.

Name

MoneyGram International

Legal name

MoneyGram Payment Systems, Inc.

Website

https://moneygram.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MoneyGram International is a global money transfer company operating across 200+ countries through 470,000+ retail agent locations, a mobile app, and B2B APIs, processing $200B+ annually for ~50 million consumers, fintechs, and crypto partners via traditional and stablecoin rails.

Ownership category

akta.pro rank

Product category

Cross-Border Money Transfer & Remittance Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD), Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE)

Keywords

• Cross-border money transfers
• Remittance services
• Stablecoin payments infrastructure
• Crypto on-off ramp
• Retail agent network

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Money Transfer Transaction Fees: MoneyGram charges transaction fees on money transfers based on transfer amount, payment method (debit card, credit card, bank account), delivery method, and destination. Fees vary by corridor and are disclosed upfront before confirmation.
2. Currency Exchange Margins: MoneyGram earns revenue on currency exchange through exchange rate margins applied to international transfers. The company sets its own exchange rates, with the spread between the interbank rate and the rate offered to customers representing a key revenue stream.
3. Bill Payment Services: Bill payment services enable customers to pay utilities, rent, mortgage, auto payments, and other bills at MoneyGram locations. Revenue generated through transaction fees on bill payments across 13,000+ billers.
4. Digital Asset/Stablecoin Services: Revenue from stablecoin transactions including MGUSD settlements, blockchain validation rewards (staking rewards from Solana), and fees for crypto-to-cash conversions through MoneyGram Ramps.
5. B2B/Enterprise Services: B2B services including API integrations for developers, enterprise partnerships with fintech companies like Kraken, and settlement infrastructure services for institutional clients.
6. Mobile Top-up Services: Mobile top-up services allowing customers to send airtime and data minutes to loved ones globally. Revenue generated through transaction fees on airtime reloads across 600+ mobile operators in 150+ countries.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels8 records

Core offering

MoneyGram International is a global money transfer company that enables consumers and businesses to send and receive money across 200+ countries and territories through a mobile app, online platform, and a network of 470,000+ retail agent locations. The company also operates blockchain-based payment infrastructure including the MGUSD stablecoin, validator nodes on multiple blockchain networks, and crypto-to-cash services via MoneyGram Ramps. Additional services include bill payment, mobile top-ups, and money orders.

Product overview

MoneyGram International is a global money transfer company operating a platform-plus-modules architecture with a core remittance business supplemented by digital asset services, crypto infrastructure products, and ancillary financial services. The core offering centers on international money transfers (app, online, in-person) facilitated through a network of 470,000+ retail locations across 200+ countries, serving approximately 50 million customers. The product portfolio includes: (1) MoneyGram app and online platform for digital transfers; (2) MoneyGram Ramps for crypto-to-cash off-ramps (Web3 companies integrate via API); (3) MGUSD stablecoin issued on Stellar blockchain via Bridge (Stripe) with M0 smart contracts and Fireblocks security; (4) Kraken partnership for crypto-to-fiat withdrawals; (5) Stellar blockchain-based cross-border payment settlement using USDC; (6) bill pay services (13,000+ billers); (7) mobile top-ups (600+ operators across 150+ countries); (8) money orders; and (9) a global agent/retail network. Blockchain validator operations on Solana, Cardano Midnight, and Tempo represent infrastructure-level participation beyond the core product layer.

Differentiator

Problem solved

Functional benefit

Brands

• MoneyGram Ramps: A product line connecting digital wallets to cash in 170+ countries, enabling seamless cash-in and cash-out at trusted MoneyGram locations.

Products and services

• MoneyGram App Mobile application enabling customers to send money internationally in minutes to 200+ countries via bank accounts, debit cards, mobile wallets, or cash pickup. Rated 4.8 on App Store (270K reviews) and 4.5 on Google Play (80K reviews).
• MoneyGram Online Web-based platform allowing users to send money directly to receivers globally with real-time tracking, competitive exchange rates, and delivery to bank accounts, debit cards, mobile wallets, or cash pickup locations.
• In-Person Money Transfer Traditional cash-based money transfer service at 470,000+ MoneyGram agent locations worldwide, enabling customers to send and receive money internationally with various payout options including cash pickup, bank deposit, and mobile wallet.
• MoneyGram Ramps API-powered platform enabling Web3 companies (wallets, exchanges, developers) to offer crypto-to-cash conversion at MoneyGram locations in 170+ countries. Supports USDC cash-in and cash-out with MoneyGram handling compliance, security, and real-time stablecoin settlement.
• MGUSD Stablecoin U.S. dollar-backed stablecoin issued on Stellar blockchain, integrated into MoneyGram app via self-custodial wallet for 60 million users. Issued by Bridge (Stripe-owned), with M0 smart contracts and Fireblocks wallet security. Enables dollar-pegged digital balances for global transfers.
• MoneyGram Bill Pay Service enabling customers to pay 13,000+ billers across the US online or in person with cash, including utilities, rent, auto, mortgage, child support, and telecom. Many payments post same day with widespread retail availability at Walmart and CVS.
• MoneyGram Mobile Top-ups Service allowing customers to send airtime and data minutes to mobile phones in 150+ countries through 600+ mobile operators, powered by partner Ding.
• MoneyGram Money Orders Traditional money order service available at thousands of MoneyGram locations, providing a secure alternative to cash or checks for consumers without bank accounts.
• MoneyGram Developer Portal Developer platform providing API documentation and integration tools for partners to build applications connecting to MoneyGram services, including MoneyGram Ramps for crypto-to-cash functionality.
• Self-Custodial Digital Wallet Non-custodial digital wallet integrated with MGUSD stablecoin for holding dollar balances and global fund transfers. Built on Fireblocks security infrastructure.
• MoneyGram Receives Service enabling recipients to collect cash at agent locations or receive funds to bank accounts, debit cards, or mobile wallets, with 470,000+ global pickup locations and instant or near-instant delivery where available.

Quantifiable outcome

• Settlement times reduced from days to seconds/minutes using stablecoin rails
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature6 records

Partnerships

16 partnerships are on record, tiered core, major and regional.

• Solana FoundationcoreTechnology or Integration · 22 June 2026MoneyGram became an active validator on Solana's proof-of-stake network, staking SOL tokens to process transaction blocks and secure the network at the protocol level. MoneyGram also joined the Solana Developer Platform alongside Mastercard. This represents infrastructure-level participation rather than just application development.
• Bridge (Stripe-owned)coreTechnology or Integration · 2 June 2026Stripe's stablecoin platform Bridge serves as the issuing partner for MGUSD, MoneyGram's U.S. dollar-backed stablecoin. Bridge received conditional approval from OCC to operate as a federally chartered national trust bank. Bridge handles the stablecoin issuance mechanics.
• M0majorTechnology or Integration · 2 June 2026M0 provides smart contract infrastructure for MGUSD stablecoin operations. M0 is a blockchain infrastructure provider enabling compliant stablecoin issuance and management.
• FireblocksmajorTechnology or Integration · 2 June 2026Fireblocks provides wallet security services for MGUSD stablecoin. Their custody and security infrastructure protects user funds and enables secure stablecoin wallet functionality within the MoneyGram app.
• Stellar Development FoundationcoreStrategic or Co-development Partner · 2 June 2026Multi-year partnership extension marking over five years of collaboration on stablecoin utility and financial inclusion. Expanding stablecoin-backed features across Latin America with live deployment in Colombia and El Salvador, additional markets expected throughout 2026.
• Tempo (Stripe/Paradigm)coreTechnology or Integration · 20 May 2026MoneyGram became Tempo's anchor remittance validator, among a select group of institutions validating transactions on the network. Tempo is a purpose-built Layer 1 blockchain for real-world payments co-developed by Stripe and Paradigm. Integration plans include stablecoin settlement into MoneyGram's global payment flows.
• KrakencoreStrategic or Co-development Partner · 5 May 2026Global partnership enabling Kraken customers to withdraw cryptocurrency as cash through MoneyGram's global payments network spanning 500,000+ retail locations across 100+ countries. Service rolls out in phases across US, Europe, Latin America, Africa, and APAC, with plans to expand to local bank deposits and cross-border remittance-style flows.
• StripecoreTechnology or Integration · 29 April 2026MoneyGram adopted Stripe's payment processing technology including POS terminals and digital transaction methods (tap-to-pay, pay-by-link, QR codes) for its global network of 500,000 retail locations. Modernizing omnichannel payment experience.
• NALAmajorStrategic or Co-development Partner · 15 April 2026Strategic partnership with African fintech NALA to enable stablecoin-based settlement and modernized cross-border payout services across emerging markets in Africa and Asia. Uses NALA's Rafiki platform for licensed on-and-off-ramp infrastructure.
• Midnight Foundation (Cardano)coreTechnology or Integration · 28 March 2026MoneyGram operates as a validator node on Midnight, Cardano's privacy-enhancing sidechain using zero-knowledge proofs. This is one of 10 founding federated nodes. MoneyGram explores how cross-border payment infrastructure can migrate to blockchain rails with confidential transactions.
• Agribank (Vietnam)regionalChannel Partner/ Reseller/ Distributor · 24 March 2026Agribank partnership provides MoneyGram international money transfer services in Vietnam through 2,000+ branches nationwide. Vietnamese customers can send money to over 200 countries and territories using MoneyGram's network.
• ZebecmajorStrategic or Co-development Partner · 20 March 2026Zebec selected as Stellar's global stablecoin payroll infrastructure provider. MoneyGram's 450,000+ cash-out locations across 170 countries connect to Zebec's payroll system for fiat conversion of stablecoin payroll payments.
• Google CloudcoreTechnology or Integration · 9 March 2026Google Cloud operates as a validator on Midnight, Cardano's privacy sidechain, alongside MoneyGram. Both companies participate in the federated node network before transition to full community-driven block production.
• WorldpaycoreTechnology or Integration · 9 March 2026Worldpay operates as a validator on Midnight, bringing over $2 trillion in annual payment volume to the network's zero-knowledge privacy infrastructure.
• Pairpoint by VodafonemajorTechnology or Integration · 9 March 2026Vodafone's Pairpoint unit operates as a federated node on Midnight blockchain. Exploring integration into machine-to-machine commerce platform use cases.
• eToromajorTechnology or Integration · 9 March 2026eToro operates as a federated node on Midnight blockchain, bringing fintech platform capabilities to the privacy-focused network's validator set.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Western Union: Western Union is MoneyGram's most direct global competitor in cross-border money transfers, operating the largest competing agent network and serving many of the same migrant remittance corridors. Both companies are incumbent licensed money transmitters pursuing digital transformation alongside their cash-pickup legacies.
• Remitly: Remitly is a digital-first remittance company that directly competes with MoneyGram's online and mobile app channels, particularly for U.S.-to-emerging-market corridors. Both serve unbanked and banked migrant senders with low-fee digital products and overlap heavily in Mexico, India, and Philippines routes.
• Wise: Wise (formerly TransferWise) is a digital cross-border payments company competing with MoneyGram on bank-to-bank international transfers with transparent pricing and mid-market FX. Both target price-sensitive remittance senders and small-business cross-border payment users, though Wise has no agent network and pure digital distribution.
• WorldRemit: WorldRemit is a digital remittance company focused on mobile-money and bank-deposit payouts to emerging markets, directly competing with MoneyGram's app- and web-based transfer experience. Both target similar migrant corridors in Africa, Asia, and Latin America with mobile-first product positioning.

Broad incumbents

• PayPal (Xoom): PayPal's Xoom service competes directly with MoneyGram in digital international money transfers from the U.S. PayPal brings broader digital-wallet distribution and a larger tech-platform balance sheet, while Xoom focuses on the same remittance use cases MoneyGram serves through its app and website.
• Ripple: Ripple is both a historical minority investor in MoneyGram and an indirect competitor through RippleNet and its RLUSD stablecoin targeting cross-border settlement. Comparable given shared corridor focus, prior commercial relationship, and overlap on enterprise blockchain-based remittance infrastructure.
• Circle: Circle is the issuer of USDC — which MoneyGram Ramps supports for cash-out across 170+ countries — and is pursuing regulated stablecoin-based cross-border payments. Comparable as an infrastructure partner and emerging competitor to MGUSD in the remittance-and-bill-pay stablecoin corridor.
• Revolut: Revolut is a global digital banking and money-movement platform with growing remittance and currency-exchange capabilities. It overlaps with MoneyGram in digital cross-border payments, multi-currency wallets, and stablecoin-related product exploration, though it lacks MoneyGram's physical cash agent network.
• Stripe: Stripe is both a MoneyGram technology partner (payment processing at 500,000+ retail locations, MGUSD issuance via Bridge, co-developed Tempo blockchain) and a strategic competitor in global money movement. Comparable given joint enterprise work and overlap on cross-border payment infrastructure for merchants and platforms.

Emerging players

• Tether: Tether (USDT) competes indirectly with MGUSD as the dominant dollar stablecoin in active remittance and emerging-market use cases. Relevant as MoneyGram Ramps expands stablecoin support, since USDT volume and on/off-ramp partnerships materially shape the competitive landscape for MoneyGram's crypto-to-cash product.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MoneyGram
• YouTubeyoutube.com/moneygram
• Facebookfacebook.com/moneygram
• LinkedInlinkedin.com/company/moneygram-international
• Instagraminstagram.com/moneygram
• TikToktiktok.com/@moneygram?lang=en

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds6 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MoneyGram International