First Global Data Ltd FGBDF

First Global Data Ltd is a Canada-based company. The Company is a financial services technology (FINTECH) company. The Company enables its strategic partners and clients around the world through its financial services technology platform. Its technology drives the convergence of compliant domestic and cross-border payments, shopping, peer to peer, business to consumer and business to business payments. The Company's two lines of business includes mobile payments and cross-border payments. The Company's FINTECH solutions include FirstGlobalMoney, Happytransfer, Vpayqwik and Payqwik.

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First Global Data Ltd

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Post by banxon Apr 18, 2017 6:05am

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Post# 26130760

MANIFESTATIONS OF A HOT SPACE

The desirability for a large remittance footprint is at an all time high and big dollars are being committed.
A perfect example is Ant Financials upped bid for MoneyGram:
$1.2 BILLION USD and the assumption of around a billion dollars of debt.
The fact is MoneyGram is a dinosaur and that large footprint of bricks and mortar comes with a large G&A on the Income Statement.
A FINTECH machine like First Global is lean and uses mobile connectivity to transcend borders globally.
FGD's goal of becoming the world's first interoperable, portable mobile wallet makes for a trophy unto itself.

Dallas-based MoneyGram is one of the biggest firms in the global remittance market, offering services in around 350,000 stores across 200 countries and offers Ant a major leg-up in its plans to build a cross-border commerce network, centered in Asia.

“The promotion of global digital financial inclusion requires global infrastructure. MoneyGram offers that connectivity between developed and developing markets,” said James Lloyd, Asia Pacific Fintech leader at EY.