Ant Financial To Acquire US Payment Firm MoneyGram For $880M

Ant Financial Services Group, the financial technology affiliate of Alibaba Group Holding Ltd., has agreed to buy Dallas, Texas-based American money transfer company MoneyGram International Inc. for approximately US$880 million to step up its international expansion.

The deal with NASDAQ-listed MoneyGram will allow Ant Financial to provide various services to an additional network of 2.4 billion bank and mobile accounts worldwide, as the Chinese financial tech giant faces market share erosion at home from T...

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like