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Intervention 15 ème Assemblée Générale de l’AFRACA Ouagadougou Nov 2006 Guillaume Dewaël. Our Purpose. “To help people and businesses by providing affordable, reliable and convenient payment services”. MoneyGram International, Inc. Founded in 1940 Acquired MoneyGram in 1998
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Intervention 15ème Assemblée Générale de l’AFRACA Ouagadougou Nov 2006Guillaume Dewaël
Our Purpose “To help people and businesses by providing affordable, reliable and convenient payment services”
MoneyGram International, Inc. • Founded in 1940 • Acquired MoneyGram in 1998 • Spun-off from Viad Corp, June 2004 • Traded on NYSE – MGI (market capitalization ~ $2.9 billion) • $970 million in revenue in 2005 • Processed nearly 750MM financial transactions worth $300B in 2005
Historical Growth Agent locations have grown from 26,000 in 1998 to 104,000 in 2006.
Industry Growth CAGR 8% Vast and growing market 1Source:Aite
Immigration Status 191 million people live outside their country of origin1 38.4 12.1 10.1 6.8 6.5 6.4 6.1 Host Country 5.7 Percentage of all Immigrants 5.4 4.1 3.9 3.3 3.2 2.7 2.5 2.5 2.4 2.0 1Source: International Organization for Migration
Migration Flows in Africa West Africa is the biggest region in terms of emmigrants: France-Italy-Spain-USA-Gabon Remitances weigh between 10 to 15% of GNP in some WA countries (Mali, Senegal,…) Côte d’Ivoire is a sending country Gabon is also a sending country
Using of money transfer Leviers de réduction de la pauvreté