Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Moneygram International Inc    MGI

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Moneygram International Inc : MoneyGram Signs Two Top Currency Exchange Houses in Venezuela

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/10/2012 | 02:16pm CET

Network now includes three of the five largest Venezuelan currency companies

DALLAS--(BUSINESS WIRE)--Apr. 10, 2012-- MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today it has added two of the largest foreign currency exchange houses in Venezuela to its money transfer network - Casa de Cambio Angulo Lopez and Venegiros Casa de Cambio. Combined with the company's existing agent Italcambio, MoneyGram's network now includes three of Venezuela's top five currency exchange companies, bringing the number of MoneyGram locations in Venezuela to 100.

"We are thrilled to enter into relationships with two more premier financial institutions in Venezuela. With Casa de Cambio Angulo Lopez and Venegiros Casa de Cambio, we are significantly diversifying our network in the country and nearly doubling the number of locations available to our customers," said George Zelinski, vice president of Central America, South America and the Caribbean. "Both financial institutions are experienced money transfer service providers. Joining the MoneyGram network expands each provider's reach beyond the region for the first time."

Venezuela is an active send and receive remittance market, with 812 million USD sent from the country, particularly from the nation's approximate 2 million immigrants. Key send markets include China, Colombia, Peru, Ecuador, Spain, Portugal and the U.S. In addition, the country receives 1.2 million USD annually, from countries such as the U.S., Italy, Spain, Colombia and the U.K.

About MoneyGram International

MoneyGram International, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 267,000 agent locations-including retailers, international post offices and financial institutions-in 192 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com or connect with us on Facebook.

Source: MoneyGram International

MoneyGram International
Patty Sullivan, +1-214-303-9923
or
Sean Tuffnell, +1-214-303-9923
media@moneygram.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONEYGRAM INTERNATIONAL IN
01/18 MONEYGRAM : to Release Fourth Quarter and Full Year 2016 Results
01/09 MONEYGRAM INTERNATIONAL : Man Sentenced to Two Years in Federal Prison for Role ..
01/08 MONEYGRAM INTERNATIONAL : Woman loses laptop in Craigslist scam
2016 NUMEROUS FRAUDS PERPETRATED OVER PHO : Pepper Pike police blotter
2016 MONEYGRAM INTERNATIONAL INC : Entry into a Material Definitive Agreement (form 8..
2016 MONEYGRAM INTERNATIONAL : Former Canadian MoneyGram And Western Union Agent Sent..
2016 MONEYGRAM INTERNATIONAL : Canadian Couple Sentenced to Federal Prison in 'Secret..
2016 MONEYGRAM INTERNATIONAL : extends cash to account footprint in Philippines
2016 MONEYGRAM INTERNATIONAL : Con Ed Warns Westchester Customers Not To Fall For New..
2016 WESTERN UNION : CBL - in-Bound Money Transfers to Be Paid in Dual Currency
More news
Sector news : Transaction & Payment Services
01/20DJCorrection to inauguration donors article on Thursday
01/19 WESTERN UNION : admits to aiding wire fraud, to pay $586 million
01/06DJIn-Store Declines Drag Down Traditional Retailers
01/06 FTSE posts record close to round off fifth straight weekly gain
01/03 Credit Suisse, AstraZeneca among top BofA-ML's top European picks for first q..
More sector news : Transaction & Payment Services
Advertisement
Financials ($)
Sales 2016 1 522 M
EBIT 2016 102 M
Net income 2016 18,3 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 44,24
P/E ratio 2017 17,62
Capi. / Sales 2016 0,41x
Capi. / Sales 2017 0,39x
Capitalization 630 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 13
Average target price 9,47 $
Spread / Average Target -20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
W. Alexander Holmes Chief Executive Officer & Director
Pamela H. Patsley Executive Chairman
Lawrence Angelilli Chief Financial Officer, Treasurer & Executive VP
Wayne F. Mcgurk Chief Information Officer & Executive VP
Ganesh B. Rao Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MONEYGRAM INTERNATIONA..630
FISERV INC3.10%23 783
FIRST DATA CORP11.28%14 384
FLEETCOR TECHNOLOGIES,..6.17%13 942
THE WESTERN UNION COMP..-3.41%10 172
WORLDPAY GROUP PLC5.85%7 067
More Results