Western Union is reported to have made an offer to acquire MoneyGram in a transaction that would bring together the two largest money-transfer service providers in the US.
Western Union has made a takeover offer for MoneyGram, according to a person familiar with the matter, who asked not to be identified because the matter isn’t public. No decision has been made and Western Union could opt to proceed without a deal.
The business has been in decline as more people use online payments. FinTech entrants have taken aim at the industry, offering strong