Exhibit 10.1

AMENDMENT TO PURCHASE AGREEMENT

March 8, 2008

      Reference is hereby made to that certain Purchase Agreement, dated as of
February 11, 2008, by and among MoneyGram International, Inc., a Delaware
corporation (the “Company”), and the Investors party thereto (the “Purchase
Agreement”). All terms not defined herein shall have the meanings ascribed to
them in the Purchase Agreement. The Company and each of the Investors hereby
agree as follows.

      1. Acknowledgement that Certain Conditions Have Not Been Met. The Company
hereby acknowledges that certain of the closing conditions of the Purchase
Agreement related to capital of the Company, including but not limited to
Section 1.2(c)(iii) and Section 1.2(c)(vii), have not been satisfied and will
not be satisfied. Accordingly, the Investors are not required to close the
Investment and may terminate the Purchase Agreement at any time in their sole
discretion. The Company agrees (unless the Purchase Agreement is further amended
after this amendment) not to assert, claim or otherwise take the position that
the Investors are obligated to close under the Purchase Agreement,
notwithstanding any events that occur, or the Company’s ability to satisfy any
such conditions, after the date hereof.

      2. Amendment to Section 5.1. Section 5.1(a) of the Purchase Agreement is
hereby amended by replacing Section 5.1(a) with the following:

      “(a) by either the Company or any Investor upon written notice of
termination;”

      3. Amendment to Section 4.9. Section 4.9 of the Purchase Agreement is
hereby amended by replacing Section 4.9(c) with the following:

      “(c) [Intentionally omitted.]”

      4. Amendment to Section 5.3. Section 5.3 of the Purchase Agreement is
hereby amended by adding the following as the penultimate sentence of Section
5.3:

“In the event that any amounts required to be reimbursed pursuant to the
preceding sentence are not reimbursed by the Company as required by such
sentence, any fee reimbursement amounts that the Investors or any of their
respective Affiliates may be required to pay the Company under those certain fee
agreements by and among the Company and Affiliates of the respective Investors
dated as of February 11, 2008 (the “Fee Agreements”) shall be decreased by such
unreimbursed amounts (in lieu of payment of such amounts), notwithstanding
anything to the contrary set forth in the Fee Agreements.”

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     IN WITNESS WHEREOF, the undersigned has executed this agreement on the date
first written above.

     MONEYGRAM INTERNATIONAL, INC.      By:    /s/ Philip W.
Milne                                                                 Name:
Philip W. Milne               Title:  President and Chief Executive Officer 

[Signature Page to Amendment to Purchase Agreement]

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THOMAS H. LEE EQUITY FUND VI, L.P.    By:  THL EQUITY ADVISORS VI, LLC,         
its general partner    By: /s/ Seth W.
Lawry                                                    Name: Seth W. Lawry 
      Title: Managing Director      THOMAS H. LEE PARALLEL FUND VI, L.P.    By: 
THL EQUITY ADVISORS VI, LLC          its general partner    By: /s/ Seth W.
Lawry                                                    Name: Seth W. Lawry 
      Title: Managing Director      THOMAS H. LEE PARALLEL (DT) FUND VI,       
   L.P.    By:  THL EQUITY ADVISORS VI, LLC          its general partner    By:
/s/ Seth W. Lawry                                                    Name: Seth
W. Lawry        Title: Managing Director 

[Signature Page to Amendment to Purchase Agreement]

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GS CAPITAL PARTNERS VI FUND,             L.P.      By: GSCP VI Advisors, L.L.C. 
       its General Partner    By: /s/ Bradley
Gross                                  Name: Bradley Gross  Title: Managing
Director        GS CAPITAL PARTNERS VI             OFFSHORE FUND, L.P.     By:
GSCP VI Offshore Advisors, L.L.C.         its General Partner    By: /s/ Bradley
Gross                                        Name: Bradley Gross        Title:
Managing Director        GS CAPITAL PARTNERS VI GmbH &             Co. KG    By:
GS Advisors VI, L.L.C.         its Managing Limited Partner    By: /s/ Bradley
Gross                                        Name: Bradley Gross        Title:
Managing Director 

[Signature Page to Amendment to Purchase Agreement]

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GS CAPITAL PARTNERS VI  PARALLEL, L.P.  By: GS Advisors VI, L.L.C.         its
General Partner      By: /s/ Bradley Gross                                     
Name: Bradley Gross        Title: Managing Director            GSMP V ONSHORE
US, LTD.    By: /s/ Bradley Gross                                        Name:
Bradley Gross        Title: Managing Director        GSMP V OFFSHORE US, LTD. 
    By: /s/ Bradley Gross                                      Name: Bradley
Gross        Title: Managing Director         GSMP V INSTITUTIONAL US, LTD.     
  By: /s/ Bradley Gross                                      Name: Bradley
Gross        Title: Managing Director 

[Signature Page to Amendment to Purchase Agreement]

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