SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 15, 2010 08:59 ET

Analyst Study on Western Union and MoneyGram -- A Roller Coaster Ride for Payment Services Companies

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 15, 2010) - brings investors market knowledge on the aspects moving the personal services stocks, and offers complete analytical research on companies like Western Union Co. (NYSE: WU) and MoneyGram International Inc. (NYSE: MGI). Register with today to gain full access to our complimentary research on these personal services stocks.

The Payment Services industry has been attentively eyeing the slow recovery of the global remittance market lately. The money transfer market shrank 6% in 2009. As the U.S. recession caused employment levels to fall, especially in construction where most migrant workers are employed, the amount of money sent back to relatives by migrant workers decreased sharply as well. However, as job rate begins to strengthen, the remittance market should slowly begin to improve. For many in the space like MoneyGram International Inc. this is great news. Investors can access free research on MoneyGram International Inc. now by signing up at is a specialized website where investors can have specific access to complimentary reports on personal services industry; traders looking for analysis on Western Union Co., MoneyGram International Inc. and other players in the industry are welcomed to sign up for free at

A higher than anticipated increase in jobs during the month of August should be good news for the sector. It is expected that the amount of money sent in remittances will grow 6% in 2010 and 7% in 2011 compared to previous years. Visit us at to understand the catalysts and forces driving or affecting companies in the personal services industry.

The remittance market is changing as it grows. Customers looking to send their families money are becoming increasingly savvier. Companies in the payment services sector have to expand the services they offer in a bid to maintain their stance within the marketplace. Many companies are working hard to grow their areas of influence, especially into rural areas where many migrant workers originate. Western Union is partnering with State Bank of India for the launch of a transfer service in India and it is planning to further expand its presence in the Chinese market. Investors can register today at download the full report on Western Union Co.

The money transfer market grew 8% in China during the second quarter alone and the sector is targeting China, India, and Mexico as key growth areas for the future.

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