Ant Financial said it’s considering whether to make a higher offer for U.S. money-transfer firm MoneyGram International Inc., after that company said an unsolicited takeover bid by a smaller, little-known rival could be a better deal.
The surge of students seeking an overseas education in recent years powered rapid growth for Flywire, a Boston-based payments technology firm that handles cross-border tuition payments. It must now test whether the global network it built can serve the B-to-B market as well.
Operating from Kansas, payments processor Euronet Worldwide has been working furiously—and quietly—on a way to disrupt China-based Ant Financial's deal to buy Dallas-based MoneyGram ever since news broke in January.
Euronet Worldwide Inc. offered to buy MoneyGram International Inc. in a cash deal that the firm said values the company at a higher premium than a competing bid from billionaire Jack Ma’s Ant Financial.