MoneyGram partners with Jingle Pay to enable global money transfers
October 5, 2022
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Moneygram International Intrinsic Value – MONEYGRAM ($NASDAQ:MGI): In recent years, MoneyGram has been focused on expanding its digital capabilities in order to keep up with the changing landscape of money transfer. The partnership with Jingle Pay is part of this strategy, as it allows MoneyGram to tap into the growing market of mobile money transfer. Jingle Pay is a fintech startup based in the United Arab Emirates. The company offers a mobile app that allows users to send money globally. MoneyGram’s investment of 12% equity stake in Jingle Pay will give the money transfer giant a foothold in the Middle Eastern market. This partnership is a win-win for both companies.
MoneyGram gets access to Jingle Pay’s large customer base, while Jingle Pay gets the backing of a well-established and trusted brand. MoneyGram’s CEO Alex Holmes sees the investment as a way to “lead the evolution of digital payments.” The partnership between MoneyGram and Jingle Pay is just one example of how the money transfer industry is changing in the digital age. With more and more people using mobile devices to send and receive money, it’s crucial for companies like MoneyGram to stay ahead of the curve.
Market Price
MoneyGram International has partnered with Jingle Pay to enable global money transfers. The move comes as the company looks to expand its reach and improve its service offerings. The partnership will allow MoneyGram to offer Jingle Pay’s customers a more convenient and affordable way to send money around the world. The move comes at a time when the company is facing increased scrutiny from regulators and lawmakers.
In recent months, there have been a number of high-profile media stories about money laundering and other illegal activities allegedly taking place through MoneyGram’s network. The company has denied any wrongdoing, but the negative publicity has hurt its reputation and caused its stock price to drop. On Tuesday, MoneyGram’s stock opened at $10.4 and closed at $10.4, up by 0.4% from its last closing price.
VI Analysis – Moneygram International Intrinsic Value Calculator
MONEYGRAM INTERNATIONAL is a money transfer company with a long history and strong fundamentals. Its intrinsic value, as calculated by VI Line, is around $5.9 per share.
However, the stock is currently trading at $10.4, meaning it is overvalued by 77%. There are several reasons why MONEYGRAM INTERNATIONAL may be a good long-term investment.
First, the company has a strong history and brand recognition. Second, its fundamentals are strong, with strong revenue growth and profitability. Finally, it has a strong market position in the money transfer industry. However, investors should be aware that the stock is currently overvalued and that there is risk of a price correction in the short-term.
Summary
MoneyGram offers convenient, reliable and fast money transfer services to its customers. Jingle Pay is a leading provider of global money transfer services. Right now, the media exposure for MoneyGram is mostly negative.
However, this should not deter investors from considering this company as a long-term investment. MoneyGram has a strong track record of growth and profitability, and its partnership with Jingle Pay will only further strengthen its position in the global money transfer market.
