Lawmakers believe MoneyGram acquisition is a threat

BI Intelligence This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Ant Financial,the parent company of top Chinese mobile wallet Alipay, has received renewed criticismfrom several US lawmakers in its ongoing attempt to acquirelegacy remittance firm MoneyGram, according to the Financial Times. These critics, who include Republican senators Pat Roberts and Jerry Moran, arguethat this deal wouldn't only hurt US payment infras...