Moneygram is significantly exposed to the international market, which made up 18%, 19% and 21% of total revenues in years 2004, 2005 and 2006 respectively. Given the current predictions of immigration growth, MGI is well-positioned to benefit as more immigrants transfers money to and from their home countries. Indeed, we already see instances of MGI's international expansion into India.
Moneygram is significantly exposed to the international market, which made up 18%, 19% and 21% of total revenues in years 2004, 2005 and 2006 respectively. Given the current predictions of immigration growth, MGI is well-positioned to benefit as more immigrants transfers money to and from their home countries. Indeed, we already see instances of MGI's international expansion into India.
MGI's holds many secure contracts with its agents worldwide, guaranteeing market access for the future. For example, its contract with Wal-Wart, its largest agent base, extends until 2011. This asset establishes for the company a certain form of entrance barrier against potential competitors.
First Data's exit from the official check and money order sector will present MGI with many new potential customers, who will otherwise have to absorb those activities in-house.
