Patricia Wu, a contributor and special events anchor for Fintech TV, is joined by Anthony Soohoo, the Chairman and CEO of MoneyGram, to discuss his vision for the company and the exciting transformations underway at MoneyGram, which has a rich history spanning 80 years.
Anthony shares insights into the vast reach of MoneyGram, highlighting its operations in over 200 countries and territories, with nearly 500,000 retail locations—more than McDonald’s, Starbucks, and Subway combined. This extensive network, coupled with five billion digital endpoints, positions MoneyGram uniquely in the evolving landscape of financial services.
A significant focus of the conversation centered on innovation, particularly in the realm of digital assets. Anthony discusses the launch of MoneyGram Ramps and a new Stablecoin-powered app, which aims to enhance the consumer experience by allowing users to store value in USDC, a stablecoin pegged to the US dollar. This feature is especially beneficial in regions with currency volatility, providing users with a more stable option for their funds.
They also examine the significance of partnerships in the fintech sector, particularly in the Middle East. Anthony emphasizes that MoneyGram’s approach to partnerships is centered around understanding customer needs and leveraging both their assets and those of their partners to create better services. He articulates a vision of MoneyGram as a platform rather than just a service provider, aiming to facilitate a variety of use cases through collaboration.