Why MoneyGram International Soared Over 25% Today

Why MoneyGram International Soared Over 25% Today

Shares in money-transfer and digital-payments company MoneyGram International (NASDAQ: MGI) have been soaring all month and are up 23% today as of 3 p.m. EDT. It was announced today that Visa (NYSE: V) has taken a minority stake in the U.K.-based fintech, payments-processor Global Processing Services (GPS). GPS said that it has secured a strategic investment from digital-payments leader Visa.