MoneyGram Extends MobilePass Availability Across The U.S.
Zacks Investment Research | Sep 07, 2017 09:20PM ET
MoneyGram International, Inc. (NASDAQ:MGI) recently announced its intention to expand its MoneyGram MobilePass service to thousands of U.S. agent locations.
MoneyGram MobilePass is a digital money transfer service designed to improve customer experience by making transactions faster and more convenient. The offering is famous for allowing MoneyGram customers to first initiate a transaction via mobile before completing it in person at any of the company’s locations.
MoneyGram first launched this MobilePass in more than 3,000 U.S. agent locations in 2016 and this expansion makes it available for more than 35,000 locations in the country. This move is an instance of MoneyGram’s channel-agnostic approach to money transfer.
MoneyGram has always been investing in innovative products and services, particularly Digital/Self-Service solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services that have helped it diversify its product offerings. These efforts have been appreciated by its shareholders. Year to date, the stock has gained 38.8%, outperforming the Zacks Investment Research
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