YEREVAN, February 12, /ARKA/. Money Gram, a leading global payment services company, reported financial results for the fourth quarter and full year ended December 31, 2012. Total revenue was $1,341.2 million, an increase of 7 percent over the prior year.
Total fee and other revenue increased 8 percent to $1,328.6 million from $1,230.9 million in the prior year. Money transfer fee and other revenue increased 10 percent over the prior year to $1,148.5 million, and increased 13 percent on a constant currency basis.
Money transfer transaction volume increased 14 percent over the prior year, led by 18 percent growth in sends originated outside of the U.S., -0-
