MoneyGram appoints former Walmart EVP Anthony Soohoo as new CEO
Soohoo succeeds Alex Holmes, who has served as CEO of MoneyGram for eight years.
Soohoo succeeds Alex Holmes, who has served as CEO of MoneyGram for eight years.
Gordon-Blake is taking over from Seth Ross, who began the role just last April.
FinTech Futures takes a look back at five of the top movers and shakers stories during June.
Ferrera succeeds the retiring Larry Angelilli, who has served for nearly a year in the role.
Johnson joins MoneyGram from fintech firm Alloy where she worked for over six years.
Ross joins from HR and payroll software firm Ceridian and has previously worked at Green Dot and American Express.
The strategic partnership will have an initial term of two years.
Will use Visa Direct, its real-time push payments platform.
Featuring lots of partnerships – with Ripple, MoneyGram, Worldpay, Iyzico, MSTS and Apruve.
Users of Moneymailme will have the option of using physical and virtual prepaid cards to make purchases with the funds in their e-wallets. The new feature, announced June 28 at the Money 20/20 Europe conference, is the result of a partnership between the London-based social money transfer provider Moneymailme and Prepaid Financial Services, a U.K.-based payments technology provider.
Alibaba’s affiliate Ant Financial is splashing out $880 million for money transfer operator MoneyGram International. This is Ant Financial’s first acquisition of a US-listed company.
The value of international money transfers made via mobile phones will exceed $10bn for the first time this year, according to Juniper Research. However, the cost and complexity of regulating cash transfer has led many service providers to focus exclusively on airtime top ups, the research firm reported.
MoneyGram has forged a deal with European mobile telecom operator Lebara Mobile.