DALLAS, Texas and HANGZHOU, China, Jan. 26, 2017 /PRNewswire/ -- MoneyGram (NASDAQ: MGI ), a global provider of innovative money transfer services, and Ant Financial Services Group, one of the world's leading digital financial services providers and parent company of Alipay, a global mobile payment platform, today announced that they have entered into a definitive agreement under which MoneyGram will merge with Ant Financial, with stockholders of MoneyGram being offered $13.25 per share in cash. The transaction will connect MoneyGram's money transfer network of 2.4 billion bank and mobile accounts and 350,000 physical locations with Ant Financial's users, who enjoy a broad suite of technology-based financial services, including payments, credit and insurance products.