Report
Jim Sinegal
EUR 98.48 For Business Accounts Only

Ant Financial’s Bid for MoneyGram Highlights Chinese Payment Ambitions

Ant Financial’s $1.2 billion bid for international remittances firm MoneyGram highlights the competitive threats in payments and other financial services emerging from the Chinese market.  Though we believe the growth prospects and competitive position of firms like Visa and MasterCard remain favorable, we currently forecast that major networks will lose a small amount of international share to such competitors over time.
The deal would provide Ant Financial, a financial services affiliate of e-...
Underlying
VeriFone Systems Inc.

VeriFone Systems is a holding company. Through its subsidiaries, the company provides payments and commerce solutions at the point of sale (POS). The company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. The company's system solutions consist of POS electronic payment devices that run its operating systems, security and encryption software, and certified payment software, and that are designed to suit its clients' needs in a range of environments, including multilane and countertop implementations, self-service and unattended environments, in-vehicle and portable deployments, mobile point-of-sale solutions, as well as iPOS solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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