MoneyGram, known for its slogan "International money transfer company," has roots dating back to 1940. Originally established from the operations of MoneyGram Payment Systems Inc. and Thomas Cook, it evolved into MoneyGram International Ltd. in 1997 as a subsidiary of Integrated Payment Systems Inc. This history highlights a legacy in the payment transfer sector that spans decades.
Following its acquisition by Travelers Express in 1998, MoneyGram transitioned into an independent company. Over the years, it expanded globally, integrating services like mobile, kiosk, ATM transfers, and direct-to-bank accounts, demonstrating a commitment to evolving digital financial solutions.
Most recently, on 01 August 2023, MoneyGram secured a Growth Equity Non VC investment from the Stellar Development Foundation. This investment underscores confidence in MoneyGram's strategic direction, potentially advancing its technology and market reach in international money transfers.
