LONDON -- (Marketwire) -- 11/15/12 -- Payment service providers like Western Union Company and MoneyGram International Inc. are in a better position than they were a year ago for two big reasons. Transaction volumes have improved and the global economy has made progress.
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The uptick in business-to-business volumes can be attributed to the global economy improving slightly in the last year as well as the trend of more companies expanding overseas. The latter of these two factors is perhaps more important because of its potential. Companies across all sectors are increasingly looking to foreign markets, in turn necessitating greater demand for payment services. It is very likely that these efforts will continue, especially for U.S. and Europe based companies still feeling the effects of high unemployment and sovereign debt concerns, respectively. Analyst opinion on The Western Union Company accessible for free at
However, depressed consumer-to-consumer volumes are still a concern for most payment service providers. Some companies have responded by shifting their focus more towards commercial operations while others have upped marketing efforts to kick start consumer transaction related revenues. See what our analysts have to say on MoneyGram International Inc. Follow the Link below
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