MoneyGram vs. Western Union: An Overview In this world of ubiquitous ATMs, tap-to-pay checkout, and automated bank deposits, there are still times when it is necessary to hand over or collect actual cash. That is why money-transfer services like MoneyGram and Western Union have tens of thousands of agents in cities and towns around the world. Money-sending services can be a lifesaver. You may feel it is unlikely you will ever be broke and stranded in a bus station in Bengaluru, needing your spouse to send cash, but stranger things have happened—and not just when you are traveling abroad. How about when your child who is studying at a Canadian university needs you to send the rent deposit—pronto? More routinely, money-transfer companies provide banking services like money transfers, money orders, and bill payments to people who do not have bank accounts. In the United States and Canada, many customers are new immigrants who send money regularly to family members in their home countries. Outside the United States, it is even easier to find a nearby agent for MoneyGram (MGI) or Western Union (WU) or both. Cash is still king in many countries, and, in developing nations, many people do not have bank accounts.