The coronavirus pandemic has made paper money literally a dirty word, causing a rush to digital payments that may be too fast for Western Union and MoneyGram to keep up with as separate companies.

A deal in the money-transfer sector may be in the works as Western Union eyes MoneyGram International. This would bring together the top two U.S. providers in that space according to Bloomberg. GET ...

Western Union said it's not in talks to acquire smaller rival MoneyGram International. "In view of the high level of market activity in our stock today, Western Union states that current news reports ...

A new player in the sector is Xoom Corp (NASDAQ:XOOM), which focuses mainly on digital C2C international money transfer, operating in 30 countries. Like Western Union and MoneyGram, Xoom Corp ...

Shares of MoneyGram International surge on reports that Western Union has made a tie-up offer. MoneyGram stock was up 36.61% to $3.54 on news of the takeover offer, which was first reported by ...

NEW YORK (Reuters) – Western Union Co (WU.N) said a federal jury in Texas has ordered a unit of MoneyGram International Inc (MGI.N) to pay it $16.5 million for patent infringement over a money ...

The world is moving to cashless transactions. That is true, but only for the developed economies. A majority of the population, especially in the emerging economies, still uses cash transactions.