MoneyGram International Inc

PayPal (PYPL) has partnered with AliExpress, a marketplace owned by Alibaba (BABA). PayPal is helping merchants on AliExpress accept payment from international consumers.

Western Union (NYSE:WU) stock rose 6.2% in pre-market trading at 5:38 AM ET today. The company plans to acquire MoneyGram International (NYSE:MGI).

Alibaba isn’t standing by and watching the coronavirus roil its business. The company plans to boost its retail sales during this difficult time.

TikTok is giving Facebook a headache as it poaches its executives and courts its advertisers. The Pentagon could help Facebook keep TikTok in check.

Congress’s interest in potential foreign government ties with apps operating in the US comes amid concerns about popular Chinese social app TikTok.

On June 18, US social media giant Facebook (FB) revealed the details of its upcoming cryptocurrency, Libra. The company has formed a financial services subsidiary called Calibra to allow people to transact using Libra. In simple terms, Calibra is Facebook’s new digital wallet.

While PayPal’s (PYPL) Venmo has been crushing its competition, PayPal recently launched Xoom’s
digital remittance service in 32 European markets.

Today at 8:55 AM ET, MoneyGram International (MGI) stock had soared by over 155% for the day to $3.70 in the premarket session. These massive gains came after the company announced its strategic partnership with blockchain company Ripple.

Early this month, PayPal (PYPL) raised the upper limit of the amount customers can send through its global remittance service, Xoom.

Alibaba’s (BABA) Ant Financial has confirmed its plans to acquire WorldFirst, a British money transfer and currency exchange firm.

Alibaba’s (BABA) Ant Financial learned a lesson when the United States blocked it from acquiring MoneyGram (MGI) a year ago.

Alibaba’s (BABA) Ant Financial subsidiary is in talks to acquire British payment company WorldFirst, Sky News has reported.

PayPal (PYPL) has introduced its international money transfer service, Xoom, in Canada.

As more people embrace gig work, their payment preferences are also changing, and that’s good news for PayPal (PYPL).

The digital payment industry has continued to attract more players, resulting in more competition, particularly for market leaders like PayPal (PYPL).

Alibaba (BABA) is gearing up to release its financial results for fiscal 4Q18 on May 4, before US trading begins.

Alibaba (BABA) recently launched a version of its Alipay app in Hong Kong called AlipayHK. Alipay is operated by Alibaba’s payments arm, Ant Financial.