moneygram

Alibaba’s financial affiliate pays $880 million to acquire MoneyGram, highlighting its ambition to broaden its service offerings in the face of stiff domestic competition.

Standard Bank signs a $275 million loan facility with 18 banks, while MoneyGram partners with ICBC to launch a new cash service in 20 countries.

Called SwiftRemit, the platform connects banks, money transfer operators and other types of supervised payment institutions over Swift's network.

Citi secures a mandate from Airports of Thailand, while MoneyGram opens its first money transfer kiosk in Vietnam.

MoneyGram expands remittance network in India, while Siam Commercial Bank chooses a currency management system from Transoft International.

The Reserve Bank of India raises key policy rates, while the IFC and Asean associations work to promote trade.