MoneyGram

MoneyGram is the second-largest money transfer company in the world with business operations in two categories: Global Fund Transfer and Financial Paper Products. MoneyGram is listed on the New York Stock Exchange under the ticker symbol MGI.

Fast Facts

• The company, which was founded in Minneapolis as Travelers Express, started as a small money order operation in 1940
• MoneyGram is the second largest money transfer business in the world.
• The company first passed the billion dollar mark in revenue in 2006
• MoneyGram has 293,000 agent locations in 197 countries and territories
• MoneyGram has more than twice the locations of McDonald’s, Starbucks, Subway and Walmart combined
• MoneyGram has as 2,350 employees around the world
• The company’s contact centers and website supports 23 languages
• MoneyGram’s money transfer business generated growth in revenue and transaction volume last year and the global agent network increased by 18 percent
• In 2011, the company made revenues of $1.25 billion; Adjusted EBITDA of $264 million

Company Owned Retail
Most of MoneyGram’s money transfer services are provided through our worldwide network of third-party agents. However, we also offer services in MoneyGram-owned and operated outlets in key countries. In the U.S., we operate 14 retail locations in New York city and one in Miami. In Western Europe, we offer retail services in approximately 71 owned and operated locations in Belgium, France and Germany.