MoneyGram Beefs Up Exec Ranks

MoneyGram announced the addition of two leaders this week, a move that is expected to help the money transfer and payments services company focus more on emerging markets and self-service channels.

According to a MoneyGram press release, Yogesh Sangle will be MoneyGram’s senior regional director for Asia and Andrew Typrin will be the company’s vice president of the global online business. The company said that Sangle most recently held a leadership position at PayPal, Asia Pacific, while Typrin previously supported Amazon’s global expansion and led strategy development and execution for payments acceptance.

Pamela H. Patsley, MoneyGram’s chairman and CEO said that both will be integral to pursuing MoneyGram’s strategy of growing both its core cash-to-cash business in emerging markets and expanding its self-service channels, including online, mobile, account deposit and kiosks.

“Yogesh has extensive experience in the payments industry in Asia Pacific and will help MoneyGram continue its strong growth in a rapidly developing region,” Patsley said. “Andrew is a global innovation expert in the payments industry, and his leadership in growing our online presence will help reach our goal of generating 15 to 20 percent of our revenue from self-service channels in 2017.”

Last month, MoneyGram discussed its growing competition with Wal-Mart, as the nationwide retailer’s payment transfer options are less than MoneyGram’s. The product is currently priced about 25 cents less for sends up to $50, and $2 less for those up to $200, a pricing range that represents about 75% of the MoneyGram’s volume.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.