MoneyGram International can trace its roots back to 1940, with the founding of Minneapolis-based Travelers Express Co., Inc. Under parent company Viad Corp., Travelers Express quickly became one of the world’s largest processors of money orders.In 1998 Viad Corp purchased Denver-based international money transfer company MoneyGram Payment Systems Inc. and merged  both companies, Travelers Express and MoneyGram Payment Systems Inc. to form MoneyGram, In 2004, Viad sold MoneyGram, and it became a publicly traded, individual entity.

Today MoneyGram is the second-largest money transfer company in the world with $1.45 billion in annual revenues and offers services at approximately 350,000 agent locations in more than 200 countries with 15 to 20 percent of its money transfer revenue coming from self-service channels (online, mobile, account deposit, ATMs, and kiosks). With both consumer and business solutions, MoneyGram and its approximately 2,700 employees is leading the way in the International Money Transfers and Payments Industry.