We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MoneyGram Introduces Service to Speed Up Money Transfer
Read MoreHide Full Article
MoneyGram International Inc. recently launched its new digital money transfer service, MoneyGram MobilePass to offer customers a quicker and more convenient transaction experience.
Customers can now avail this service to transfer funds to any corner of the world using their mobile device or online. The payment can be made at any of the MoneyGram branches across the United States by simply filling in the sender and receiver information and adding the amount to be sent.
Given that the U.S is currently the world’s largest remittance send market, the company’s latest digital service offering is undoubtedly a prudent one. In fact, the World Bank estimated that more than $56 billion was sent from the U.S. to other countries in 2015. The launch of this service thus indicates the company’s endeavor to tap growth opportunities offered by from this huge market.
This payment service company has always taken interest in numerous online money transfer initiatives in keeping with the changing needs and preferences of the customers. To this end, MoneyGram continues to introduce several innovative offerings. The introduction of digital/self-service solutions like moneygram.com, mobile solutions, account deposit and kiosk-based services are worth mentioning in this context. These initiatives have helped the company to grow on its revenue as well. By the end of 2017, the company expects digital solutions to represent 15–20% of total money transfer revenue.
Some better-ranked stocks from the finance sector include Equifax Inc. (EFX - Free Report) , MasterCard Incorporated (MA - Free Report) and National Interstate Corporation (NATL - Free Report) .
National Interstate, a specialty property and casualty insurer, saw the Zacks Consensus Estimate increase by 7.6% and 7.3% for 2016 and 2017, respectively, over the last 60 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Equifax, a financial transaction services provider, witnessed the Zacks Consensus Estimate inch up 0.4% and 0.2% for 2016 and 2017, respectively, over the last 60 days. The company holds a Zacks Rank #2 (Buy).
MasterCard, another financial transaction services provider, saw its Zacks Consensus Estimate inch up 0.8% and 0.9% for 2016 and 2017, respectively, over the last 60 days. The insurer has a Zacks Rank #2.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
MoneyGram Introduces Service to Speed Up Money Transfer
MoneyGram International Inc. recently launched its new digital money transfer service, MoneyGram MobilePass to offer customers a quicker and more convenient transaction experience.
Customers can now avail this service to transfer funds to any corner of the world using their mobile device or online. The payment can be made at any of the MoneyGram branches across the United States by simply filling in the sender and receiver information and adding the amount to be sent.
Given that the U.S is currently the world’s largest remittance send market, the company’s latest digital service offering is undoubtedly a prudent one. In fact, the World Bank estimated that more than $56 billion was sent from the U.S. to other countries in 2015. The launch of this service thus indicates the company’s endeavor to tap growth opportunities offered by from this huge market.
This payment service company has always taken interest in numerous online money transfer initiatives in keeping with the changing needs and preferences of the customers. To this end, MoneyGram continues to introduce several innovative offerings. The introduction of digital/self-service solutions like moneygram.com, mobile solutions, account deposit and kiosk-based services are worth mentioning in this context. These initiatives have helped the company to grow on its revenue as well. By the end of 2017, the company expects digital solutions to represent 15–20% of total money transfer revenue.
MONEYGRAM INTL Price
MONEYGRAM INTL Price | MONEYGRAM INTL Quote
Zacks Rank and Stocks to Consider
MoneyGram has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the finance sector include Equifax Inc. (EFX - Free Report) , MasterCard Incorporated (MA - Free Report) and National Interstate Corporation (NATL - Free Report) .
National Interstate, a specialty property and casualty insurer, saw the Zacks Consensus Estimate increase by 7.6% and 7.3% for 2016 and 2017, respectively, over the last 60 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Equifax, a financial transaction services provider, witnessed the Zacks Consensus Estimate inch up 0.4% and 0.2% for 2016 and 2017, respectively, over the last 60 days. The company holds a Zacks Rank #2 (Buy).
MasterCard, another financial transaction services provider, saw its Zacks Consensus Estimate inch up 0.8% and 0.9% for 2016 and 2017, respectively, over the last 60 days. The insurer has a Zacks Rank #2.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>