# MoneyGram

> Source: https://docs.barcoder.ai/docs/wallets/moneygram
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MoneyGram — official](https://www.moneygram.com/)

## Overview

**MoneyGram** is **US-based global money transfer + remittance operator + retail agent network** + **Madison Dearborn Partners private equity controlling post-Jun 2023 ~$1.8B take-private acquisition** + **one of world's largest cash-based money transfer + remittance networks via 350,000+ retail agents in 200+ countries** + **~50M+ annual MoneyGram customers worldwide** <sup>[1][1], [United States report](https://docs.barcoder.ai/docs/payments/US)</sup>.

## History

**1940 — Travelers Express Company founded** distinctive US money services heritage.

**1998 — Travelers Express Company + Integrated Payment Systems forms MoneyGram International**.

**2004 — MoneyGram International NYSE IPO under ticker MGI**.

**Jun 2023 — Madison Dearborn Partners private equity completes ~$1.8B take-private acquisition of MoneyGram International** distinctive US money services take-private heritage.

## Ownership & operator

**Operating entity**: **MoneyGram International** (US-based global money transfer + remittance operator + retail agent network; Madison Dearborn Partners private equity controlling).

**Major shareholders**: **Madison Dearborn Partners (US private equity) controlling post-Jun 2023 ~$1.8B take-private acquisition**.

**Regulators**: **FinCEN + Federal Reserve + state regulators + national regulators across 200+ countries**.

## Technical integration

MoneyGram mobile app (iOS + Android; ~50M+ annual MoneyGram customers worldwide) + moneygram.com online + MoneyGram retail agent network 350,000+ retail agents in 200+ countries + MoneyGram Visa + Mastercard cards; ACH + SWIFT + FedNow + cash-based money transfer + remittance + bank account transfers + mobile wallet transfers.

## Implementations & partners

**Major US-based + global money transfer + remittance competitors**: [Western Union](https://docs.barcoder.ai/docs/wallets/western-union) (Western Union; NYSE: WU; US-based global money transfer + remittance operator + retail agent network; world's largest money transfer + remittance network by transaction volume) + [Ria Money Transfer](https://docs.barcoder.ai/docs/wallets/ria-money-transfer) (Ria Money Transfer; Euronet Worldwide NASDAQ: EEFT US-based subsidiary global money transfer + remittance) + [Remitly](https://docs.barcoder.ai/docs/wallets/remitly-app) (Remitly; NASDAQ: RELY; US-based mobile-first global money transfer + remittance) + [WorldRemit (Zepz)](https://docs.barcoder.ai/docs/wallets/worldremit) (WorldRemit Zepz; UK-based mobile-first global money transfer + remittance) + [Wise (formerly TransferWise)](https://docs.barcoder.ai/docs/wallets/wise) (Wise; UK + global multi-currency account + cross-border transfers) + [Xoom (PayPal)](https://docs.barcoder.ai/docs/wallets/xoom) (Xoom PayPal-owned US-based global money transfer + remittance) + [PayPal](https://docs.barcoder.ai/docs/wallets/paypal) (PayPal; NASDAQ: PYPL; US-based global digital payment platform + Xoom + Honey + Venmo parent) + [Venmo](https://docs.barcoder.ai/docs/wallets/venmo) (Venmo; PayPal-owned US-based P2P mobile wallet) + [Cash App](https://docs.barcoder.ai/docs/wallets/cash-app) (Cash App; Block NYSE: SQ US-based P2P mobile wallet) + [Zelle](https://docs.barcoder.ai/docs/wallets/zelle) (Zelle; Early Warning Services LLC US bank consortium P2P payment network; ~125M+ US users).

**Regulators**: FinCEN + Federal Reserve + state regulators + national regulators across 200+ countries.

## Status

**Active, US-based global money transfer + remittance operator + retail agent network + Madison Dearborn Partners private equity controlling post-Jun 2023 ~$1.8B take-private acquisition + one of world's largest cash-based money transfer + remittance networks via 350,000+ retail agents in 200+ countries + ~50M+ annual MoneyGram customers worldwide** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.moneygram.com/ "MoneyGram — official"
[2]: https://en.wikipedia.org/wiki/MoneyGram "MoneyGram — Wikipedia"
[us-cro]: https://docs.barcoder.ai/docs/payments/US

- [1] [MoneyGram — official][1]
- [2] [MoneyGram — Wikipedia][2]
- <sup>[United States report](https://docs.barcoder.ai/docs/payments/US)</sup> In-corpus: `reports/countries/US-united-states.md`

## Source

Biography extracted from [moneygram.md](https://docs.barcoder.ai/source/wallets/moneygram). See `matrix.md` for standards-support matrix if present.