International Expansion Fuels Growth for MoneyGram

MoneyGram International saw its stock price increase by 6.54 percent over five days of trading last week, apparently pleasing investors with news that it would expand its direct-to-account and cash-to-account services to 30 additional countries.

Two major prepaid issuers — Green Dot and NetSpend Holdings — also enjoyed strong stock gains, despite a lack of major corporate announcements. Green Dot stock saw a 7.22 percent gain, the largest in payments for last week, while NetSpend stock appreciated by 4.99 percent.

Visa stock also went up, by 5.53 percent, in a week where the Dow Jones lost about one percent of its value.


About the Bank Payment Indices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Acquirer/
Processor
Network POS Equipment/
Software
Bank Payment Remittance Prepaid Issuer All Payments
Closing 120.84 164.90 111.06 98.71 89.46 51.73 121.18
Weekly Gain (#) -0.19 4.38 2.86 0.18 2.90 2.97 1.53
Weekly Gain (%) -0.16% 2.73% 2.64% 0.18% 3.34% 6.08% 1.28%