MoneyGram will be able to reach additional consumers through Ebix's 320,000 distribution outlets spread across 768 districts, 4,000 citiesThis deal also aims to service inward remittance volumes of $3 billion annually
1 min read13 Jan 2020China's commerce ministry says protectionist sentiment is rising in US after Ant Financial's plan to buy US money transfer firm MoneyGram collapsed
1 min read11 Jan 2018Ant Financial, controlled by Alibaba co-founder Jack Ma, abandoned a plan to buy MoneyGram after failing to win approval for the deal from a key government panel
3 min read4 Jan 2018Ant Financial's Douglas Feagin says will announce more 'partnerships' this year with a focus on Asia and also 'actively assess' other markets
2 min read18 May 2017Ant Financial's revised bid for MoneyGram is worth $18 a share in cash, up from a previous offer of $13.25
3 min read17 Apr 2017Late Sunday, Ant Financial Group, an affiliate of Jack Ma's Alibaba, announced it would increase its bid for MoneyGram by 36% to $18 per share
1 min read17 Apr 2017US Representatives urged the Committee on Foreign Investment to conduct a 'full and thorough' investigation of Ant Financial's proposed acquisition of MoneyGram
3 min read2 Apr 2017Euronet is offering $15.20 for each share of MoneyGram and would assume $940 million of the company's debt
1 min read14 Mar 2017Banks have made 'soft pitches' to help Ant Financial raise funds, most likely through loans, to be used by the company for acquisitions and for boosting existing investments
1 min read9 Feb 2017The deal will connect MoneyGram's network of 2.4 billion bank accounts with Ant Financial's customers, who use a broad suite of technology-based financial services
1 min read26 Jan 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared