US govt blocks Ant Financial takeover of MoneyGram

Wednesday 3 January 2018 | 13:31 CET | News
The US government has blocked the planned takeover of MoneyGram by Alibaba's Ant Financial Services Group due to security concerns. The two companies have abandoned the merger but said they plan to cooperate still in the remittance and digital payments markets.

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Categories: Internet / Mobile & Wireless
Companies: Alibaba / Ant Financial / Moneygram
Countries: China / United States / World
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prepaid only 5.2% of total service revenue
Netherlands  |  2017Q3