Moneygram is evolving
Even after the 400% rally of MGI stock, sitting now at $8, the market cap of Moneygram, the world’s second largest money transmitter, is still less than $600 million… While Western Union is valued over $9 billion and Transferwise at $5 billion (after its latest funding round).
Moneygram is bridging its old money-transmitter model with the new fintech world. It is serving 200 countries with physical channels and 70 of these countries are already digitally enabled by Moneygram. It is true that the company had a lot of sins in the past but now, with over 350,000 physical agents, millions of customers worldwide and its digital part growing rapidly in triple digits, why was/is the market still so negative about Moneygram’s value (compared to its competitors)?
This is the latest news release from Moneygram, now providing a real-time P2P payment solution to Vietnam from the USA, UK and 18 European countries:
Disclaimer: The above may or may not reference my own investments and is ONLY for informational purposes. It is NOT investment advice. Seek your own licensed professional for any type of investment advice.
