Euronet outbids Alibaba’s Ant Financial with $1 billion offer for MoneyGram

 Alibaba’s conquest to own a piece of the global money transfer industry just suffered a huge blow after Euronet outbid its fintech affiliate business for the proposed acquisition of MoneyGram, a popular option for cross-border money transfers. Ant Financial, the Alibaba-controlled unit that runs Alipay among other services, bid $880 million for Moneygram back in January, but now… Read More

from TechCrunch