Pamela Patsley
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Pamela Patsley Executive Chairman & Chief Executive Officer of MoneyGram.
MoneyGram Appoints Two Top Execs
MoneyGram announces its appointment of execs in two strategic growth areas. Yogesh Sangle has joined MoneyGram as senior regional director for Asia, and Andrew Typrin joins as the company’s vice president of the global MoneyGram Online business.Sangle has more than 15 years of experience in banking and payments solutions in online payments, digital marketing, and sales and product management. Typrin previously supported Amazon’s global expansion and led strategy development and execution for payments acceptance. He formerly founded a consumer payments company, National Payment Network, gaining extensive experience in building and executing new business ventures. Typrin will lead the expansion of MoneyGram Online, focused on building an exceptional and innovative online customer experience.
MoneyGram Announces Organizational Changes
MoneyGram announced several operational and organizational changes to better support the Company’s corporate objectives, including its goal of reaching $2 billion in annual revenue in 2017. These actions include realigning the organizational structure and commencing a global transformation program designed to help MoneyGram lead the industry in compliance, fuel multi-channel growth and improve its cost structure. MoneyGram has made several changes to its executive committee to position the Company for continued growth. W. Alexander Holmes has been named chief operating officer, effective immediately. He will also maintain his current titles and responsibilities as executive vice president and chief financial officer. In his expanded role, Holmes will be responsible for oversight of all finance, technology and operations functions. The following executives have been named executive vice president of their respective positions and will continue to report to MoneyGram’s chairman and chief executive officer, Pamela H. Patsley: W. Alexander Hoffmann, Global Product Management and Emerging Channels; Grant Lines, Asia Pacific, South Asia and Middle East; and Peter Ohser, U.S. and Canada. The three-year global transformation program designed to strengthen MoneyGram’s competitive position consist of Enhancing compliance, Investing for growth, Reorganization and restructuring.
MoneyGram Hits 200-Country Milestone
MoneyGram reached a company milestone and is now offering services in 200 countries and territories worldwide. The achievement follows new agreements with agents in Equatorial Guinea and Myanmar. The move to include MoneyGram services in Equatorial Guinea and Myanmar strategically targets previously underserved customers, and aims to bring customers closer through money transfers that can be made to and from locations across the globe.
MoneyGram Expands Poste Italiane Agreement
MoneyGram signed an agreement with Poste Italiane, whereby it will continue to offer services to consumers at convenient locations close to where they live and work. Poste Italiane (Italian Post Office) is the largest and most diverse infrastructure in logistic and technology solutions in Italy. It provides postal, financial, insurance and mobile telephony solutions to individuals, private corporations and public authorities. With its extensive network in the nation, Poste Italiane serves around 37 million clients throughout Italy. There are now more than 9000 Poste Italiane offices available for money transfer service with MoneyGram. MoneyGram’s growth strategy includes aligning with postal operators to provide consumers with convenient access to reliable money transfer services in easily accessible locations.
MoneyGram Foundation Awards $250,000 to Eight Organizations
MoneyGram distributed its first grants awarded through the MoneyGram Foundation. The Foundation, launched late last year, was established with a mission to help children around the world gain access to educational facilities and learning resources. The MoneyGram Foundation believes that education is at the heart of better economic opportunities, healthier families, and individual freedom and empowerment. Through the Foundation, MoneyGram grants funds to worthy organizations working to give children the best education possible. The MoneyGram Foundation chose eight organizations from hundreds of applicants. The programs span the globe, impacting thousands of children in six different countries and exemplifying the Foundation’s guiding principle of “inspiring minds and improving lives.” Currently, MoneyGram funds the Foundation through a monetary gift and access to in-kind resources. Recognizing the enormous need around the world for access to basic education, the Foundation plans to expand its funding support through contributions from others later this year.
MoneyGram Launches Service Allowing PayPal Users to Withdraw Funds
MoneyGram announced that PayPal’s 55 million active U.S. account holders can now initiate a withdrawal from their accounts – online or via mobile – and pick up the funds at any MoneyGram location in the United States. Later this month, PayPal customers will also be able to load money into their accounts at select MoneyGram locations in Dallas, New York and San Francisco, with additional locations scheduled to be rolled out during 2013. The new service supports an essential need for PayPal’s U.S. customers – particularly those who do not have a bank account or credit card – to fund and maintain a PayPal account, as well as withdraw cash and send money to friends and family.
MoneyGram to Acquire Kiosk-Based Money Transfer Business
MoneyGram signed an agreement to acquire Nexxo Financial’s full-service money transfer kiosk business and to become the preferred money transfer and bill payment partner for Nexxo Financial. MoneyGram will acquire approximately 200 kiosks primarily located in California, Illinois and Texas. These kiosks will offer automated, self-service money transfers to MoneyGram agents worldwide allowing consumers to pay bills utilizing MoneyGram’s bill payment network. The move to expand MoneyGram’s use of self-service channels is a strategy in line with recent statistics. The FDIC has estimated that 60 million U.S. residents do not use formal banking channels as the primary method for their day-to-day financial services. This points to a growing need for convenient and affordable means to transfer funds.
MoneyGram Appoints Former PayPal to Head Emerging Channels
MoneyGram International announced W. Alexander Hoffmann has been appointed to the company’s executive leadership team as senior vice president, global product management and emerging channels. Hoffmann will lead MoneyGram’s global product portfolio, emerging channels and MoneyGram Online. Hoffmann was previously head of consumer growth for Europe, Middle East and Africa at PayPal. He has 20 years of experience in payments and cards, online services and technology, and a strong track record of building new products from concept to launch. Prior to his position at PayPal, Hoffmann spent 12 years at McKinsey & Company in Brussels, Belgium, and Palo Alto, California, working with clients in the payments and telecommunications industries.
MoneyGram Renews India Post Agreement
MoneyGram global money transfer renewed its agreement with India Post. MoneyGram’s growth strategy includes aligning with post offices, among other types of agents, providing consumers with convenient access to reliable and affordable money transfer service close to where they live and work. Currently, MoneyGram has nearly 30 postal relationships globally in countries such as the United Kingdom, Canada and Italy with plans to expand further in the coming years.
MoneyGram and PayPal Connect Online to Physical Commerce
MoneyGram announced a new global agreement with PayPal to easily access money in their digital wallets in the physical world. PayPal’s 117 million active account holders will now have the option to put cash in and take funds out of their PayPal accounts at MoneyGram locations. This agreement brings together the world’s leading e-commerce payment company with the world’s second-largest global money transfer company to give consumers a fast, convenient and secure way to easily get funds out of their PayPal account and put cash in via MoneyGram locations. Now consumers who do not have or use a bank account or credit card to fund and maintain a PayPal account, giving them access to e-commerce. In addition, for the first time, PayPal customers will have a global solution for putting cash into a PayPal account, and a global option to fund, withdraw, and send cash from a PayPal account.
MoneyGram Launches Foundation for Global Giving
MoneyGram money transfer launched its MoneyGram Foundation to demonstrate its passion for educating young minds and focus on funding programs for educational resources and basic school supplies for school-age children around the world. In the past month, MoneyGram’s Global Giving program has given $230,000 to organizations in more than a dozen countries across Africa, Asia, Eastern Europe, Latin America and North America. With its guiding principle, “Inspiring minds. Improving lives.,” the focus of the MoneyGram Foundation is rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment.