Proprietary Report with Analysis on MoneyGram Payments-Related Performance.
MoneyGram continues to recover from the loss of the Walmart account and posted a strong first quarter (1Q/16). Digital money transfer transactions increased 23% year-on-year (YOY) and digital money transfer revenue grew 31% YOY. MoneyGram 1Q/16 gross revenues climbed 8.4% year-on-year (YOY) to $358.4 million, compared to $376.7 million for 4Q/15 and $330.6 million for 1Q/15. On a currency adjusted basis (FX) first quarter revenue increased 10.0% YOY.