MoneyGram International has reported nearly 60% year-over-year transaction growth for MoneyGram Online year-to-date through February 2020.
This marks an acceleration from the fourth quarter of 2019 where the global provider of cross-border P2P payments and money transfers reported 39% transaction growth. Importantly, these trends are continuing in March 2020, according to the official press release.
Growth has been driven by both US - outbound and international corridors. Thus, US - outbound transactions for MoneyGram-branded Online achieved triple-digit transaction growth of 101% through February 2020 year-to-date, and 37% revenue growth over the same period, which is an acceleration from 8% revenue growth in the fourth quarter of 2019.
International transactions for MoneyGram Online achieved 116% year-over-year growth and revenue growth of 70% February 2020 year-to-date, which is also an acceleration from what was previously reported.
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