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 Renews Ties With UK Post Office to Expand Services
Read MoreHide Full Article
MoneyGram International, Inc. has extended its agreement with Post Office Limited to provide money transfer services inside thousands of UK Post Office locations through 2021.
Both companies have been teamed up to drive financial inclusion, providing convenient and reliable financial services to customers in one of the most diverse regions of the world for more than 20 years. The renewal of this collaboration shows their dedication and commitment to offer customers easier and better money transfer solutions.
Post Office’s 11,500 branches across the UK make it more convenient for MoneyGram customers to access a variety of services at any time and given location of their choice.
Remittance in the UK is a competitive market with trustworthy companies and active participation of both banks and money transfer operators. The regulatory environment in the UK is also encouraging competition. This market provides a range of services including traditional cash-to-cash products through agents as well as transfer to and from bank accounts along with online services. The remittance products are majorly based on contracts between international money transfer operators and payment service providers.
The money remittance industry in the U.K. has been growing from past many years and is expected to expand. This provides MoneyGram with a good business opportunity.
Some of the most solid players in the UK Remittance market are TransferWise, WorldRemit and Azimo. In the UK, Western Union (WU - Free Report) is facing major challenges posed by many well-capitalized upstart companies.
Shares of this Zacks Rank #3 (Hold) company have lost 0.9% quarter to date, narrower than its industry's decline of 4.1%.
Stocks to Consider
Investors interested in the miscellaneous services industry might take a look at two better-ranked stocks, namely Jefferies Financial Group Inc. (JEF - Free Report) and TCG BDC, Inc. (CGBD - Free Report) .
Jefferies is a financial services company, offering a range of products and services in investment banking, equities, fixed income and wealth management in the Americas, Europe and Asia. The company sports a Zacks Rank #1 (Strong Buy). It came up with an average four-quarter positive surprise of 5.13%, beating estimates in three. You can see the complete list of today’s Zacks #1 Rank stocks here.
TCG BDC is a non-diversified closed-end investment company and it holds a Zacks Rank #2 (Buy). It managed to pull off an average four-quarter earnings surprise of 9.52%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
MoneyGram Renews Ties With UK Post Office to Expand Services
MoneyGram International, Inc. has extended its agreement with Post Office Limited to provide money transfer services inside thousands of UK Post Office locations through 2021.
Both companies have been teamed up to drive financial inclusion, providing convenient and reliable financial services to customers in one of the most diverse regions of the world for more than 20 years. The renewal of this collaboration shows their dedication and commitment to offer customers easier and better money transfer solutions.
Post Office’s 11,500 branches across the UK make it more convenient for MoneyGram customers to access a variety of services at any time and given location of their choice.
Remittance in the UK is a competitive market with trustworthy companies and active participation of both banks and money transfer operators. The regulatory environment in the UK is also encouraging competition. This market provides a range of services including traditional cash-to-cash products through agents as well as transfer to and from bank accounts along with online services. The remittance products are majorly based on contracts between international money transfer operators and payment service providers.
The money remittance industry in the U.K. has been growing from past many years and is expected to expand. This provides MoneyGram with a good business opportunity.
Some of the most solid players in the UK Remittance market are TransferWise, WorldRemit and Azimo. In the UK, Western Union (WU - Free Report) is facing major challenges posed by many well-capitalized upstart companies.
Shares of this Zacks Rank #3 (Hold) company have lost 0.9% quarter to date, narrower than its industry's decline of 4.1%.
Stocks to Consider
Investors interested in the miscellaneous services industry might take a look at two better-ranked stocks, namely Jefferies Financial Group Inc. (JEF - Free Report) and TCG BDC, Inc. (CGBD - Free Report) .
Jefferies is a financial services company, offering a range of products and services in investment banking, equities, fixed income and wealth management in the Americas, Europe and Asia. The company sports a Zacks Rank #1 (Strong Buy). It came up with an average four-quarter positive surprise of 5.13%, beating estimates in three. You can see the complete list of today’s Zacks #1 Rank stocks here.
TCG BDC is a non-diversified closed-end investment company and it holds a Zacks Rank #2 (Buy). It managed to pull off an average four-quarter earnings surprise of 9.52%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>