Published in Banking & Financial Services category by MBA Skool Team
MoneyGram is one of the leading brands in the banking & financial services sector. MoneyGram SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of MoneyGram:
One of the largest provider of money transfers in the world
Operates in more than 200 countries with a global network of about 3,50,000 agent offices
In addition to financial services provided through third-party agents, MoneyGram owns and operates retail locations
Geographically Diverse Businesses provide shield from external uncertainties
Offers convenient services to consumers around the world through mobile and online channels
Many decades of rich industry experience
Global Expansion of Money Transfers
High growth rate, High profitability and revenue
Existing distribution and sales networks
Above are the strengths in the SWOT Analysis of MoneyGram. The strengths of MoneyGram looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Strong competition means limited margins and slow market share growth
These were the weaknesses in the MoneyGram SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Money-transfer kiosk will provide billion dollars opportunity worldwide
Growing demand especially from developing economies
Growth rates and profitability
Above we covered the opportunities in MoneyGram SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Entry of new players like Walmart recently did
Presence of scams and frauds
Any incidents like scams deteriorates the stocks drastically
The threats in the SWOT Analysis of MoneyGram are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Globally recognized and trusted brand offering innovative, reliable, and convenient money transfer services
Everyone who is in the need of transferring money
Working professionals, HNIs, Businessmen, Upper middle class community
To bring loved ones closer
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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