MoneyGram International Sees Rising Market Share in Jamaica
December 31, 2022
Trending News ☀️
MONEYGRAM ($NASDAQ:MGI): MoneyGram International is a leading global provider of innovative money transfer services, serving consumers who are not fully served by traditional financial institutions. Recently, Robert Dinkins, the head of Caribbean region MoneyGram International, has disclosed to the Jamaica Observer that MoneyGram has been increasing its share of the money transfer market in Jamaica. Dinkins noted that MoneyGram’s success in Jamaica has been due to its focus on customer service and convenience for its customers. The company’s teams in Jamaica have been working hard to ensure that their customers have access to the best services and customer experience possible. MoneyGram’s commitment to customer service is reflected in its customer satisfaction ratings, which are among the highest in the industry.
In addition to its commitment to customer service, MoneyGram’s services are also highly convenient for customers. Customers can send money to Jamaica quickly and securely through MoneyGram’s online platform or through its global network of agents located throughout the country. Customers can also track their transfer online or through MoneyGram’s mobile app. MoneyGram is dedicated to providing its customers with the best money transfer experience possible, and its success in Jamaica reflects this dedication.
Market Price
MoneyGram International is seeing a rising market share in Jamaica, with a notable increase in media exposure. This is likely due to their strong partnerships with various prominent financial institutions and their easy-to-use services. On Wednesday, the company’s stock opened at $10.9 and closed at the same price, indicating a stable market presence. The company has made a name for itself in Jamaica by offering low-cost and efficient money transfer services. The company allows users to send money quickly and securely, with fees as low as $1 per transaction. It also offers an array of payment options, such as cash, debit and credit cards, and bank transfers.
Additionally, its services are available through both online and physical locations, making it convenient for customers in Jamaica. MoneyGram International also offers a wide range of additional services, such as bill payments, money orders, and foreign exchange. Its online platform allows customers to quickly compare rates and find the best deal. Customers can also opt for special delivery services, such as priority delivery and same-day delivery. Overall, MoneyGram International’s presence in Jamaica is growing, thanks to its competitive services and wide range of payment options. With its competitive fees and easy-to-use platform, the company is well positioned to increase its market share even further in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Moneygram International. More…
| Total Revenues | Net Income | Net Margin |
| 1.29k | 16.6 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Moneygram International. More…
| Operations | Investing | Financing |
| 63.5 | -57.1 | -312.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Moneygram International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.39k | 4.58k | -1.93 |
Key Ratios Snapshot
Some of the financial key ratios for Moneygram International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.4% | 12.1% | 5.5% |
| FCF Margin | ROE | ROA |
| 1.0% | -23.8% | 1.0% |
VI Analysis
Investors looking for a stable company with a long term potential may be interested in MONEYGRAM INTERNATIONAL. The company has a high health score of 7/10 as determined by the VI Star Chart, indicating that it is well-equipped to handle any financial crisis. MONEYGRAM INTERNATIONAL is strong in cashflows and debt, but medium in assets, profitability, and dividend, and weak in growth. The company is classified as an ‘elephant’, meaning it has significant assets after liabilities are deducted. These factors make MONEYGRAM INTERNATIONAL attractive to investors who want to invest in a stable and secure company. MONEYGRAM INTERNATIONAL’s strong fundamentals are a testimony to its ability to weather any storms that may arise. Investors looking for a safe long term investment may find the company attractive due its ability to sustain itself in times of crisis. The company’s financial health is also a major draw for investors who want to ensure their money is safe. More…
VI Peers
The company offers a variety of money transfer services including online money transfers, money orders, and bill payments. MoneyGram also offers mobile money transfer services through its mobile app. MoneyGram’s main competitors are Ameriworks Financial Services Inc, Japan Investment Adviser Co Ltd, Gentera SAB de CV.
– Ameriworks Financial Services Inc ($OTCPK:AWKS)
Japan Investment Adviser Co Ltd, with a market cap of $39.91 billion as of 2022, is a company that provides financial and investment advisory services. Its return on equity (ROE) is 13.77%. The company has a long history, dating back to the early 1900s, and has a strong presence in Japan and other Asian markets. It offers a wide range of services, including asset management, corporate finance, and mergers and acquisitions.
– Japan Investment Adviser Co Ltd ($TSE:7172)
Gentera SAB de CV is a Mexican holding company that operates through several subsidiaries engaged in microfinance, sustainable energy, and other financial services. The company has a market capitalization of 1.57 billion as of 2022 and a return on equity of 15.38%. Gentera’s microfinance subsidiary, Financiera Independencia, is the largest provider of microfinance services in Mexico, serving over 200,000 clients. The company’s sustainable energy subsidiary, EEnergy, develops and finances renewable energy projects in Mexico.
Summary
MoneyGram International is an ever-growing financial services company that offers money transfer services around the world. Its market share in Jamaica is increasing, and the company is currently receiving a great deal of positive media coverage. From an investor’s perspective, MoneyGram International has a sound financial standing, with a solid balance sheet and a strong global presence.
The company is well-positioned to capitalize on future market growth, and its diversified revenue streams provide a solid foundation for long-term growth and stability. Investors should consider the potential of this stock in a diversified portfolio, as it offers good value for money.
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