Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why MoneyGram Stock Soared Today

TheMotleyFool

0 0

Shares of MoneyGram International (NASDAQ: MGI) surged by more than 20% on Friday after the money transfer company said its direct-to-consumer business was growing at a torrid clip.

MoneyGram's cross-border revenue in its direct-to-consumer digital business, MoneyGram Online (MGO), skyrocketed 150% year over year in October. It marked the 10th straight month of triple-digit expansion for this increasingly important growth driver.

MoneyGram International's digital DTC business is growing rapidly. Image source: Getty Images.

Source Fool.com

Like: 0

MGI

Share