Fintech One•On•One Anthony Soohoo, CEO of MoneyGram, on rethinking global remittances
In this episode, Anthony Soohoo, CEO of MoneyGram, shares his vision for transforming one of the world's largest global payments networks through what he calls a "refounder mindset." Drawing from his experience leading digital transformations at major companies like Walmart and CBS, Soohoo discusses how MoneyGram is modernizing its platform while leveraging its incredible assets: a network of 450,000 retail locations spanning over 200 countries and 20,000 payment corridors.
He explores the company's strategic partnerships with Plaid for seamless bank connectivity, collaborations with Visa and Mastercard, and their thoughtful approach to cryptocurrency through stablecoin partnerships with Stellar Foundation and Circle. Perhaps most ambitiously, Soohoo outlines his five-year goal of positioning MoneyGram not just as a remittance company, but as a global payments powerhouse with the scale and recognition of Visa or Mastercard, all while maintaining the company's core mission of democratizing finance for consumers worldwide.
In this podcast you will learn:
- The three things that attracted Anthony to the opportunity at MoneyGram.
- How he describes MoneyGram today.
- The most popular remittance corridors for US consumers.
- The attributes of a typical MoneyGram customer.
- Anthony’s concept of re-founding and how he is bringing that mindset to MoneyGram.
- The lessons he has learned in his first six months as CEO.
- How the money actually moves internationally.
- How they are partnering with Plaid, as well as Visa and Mastercard.
- Why MoneyGram believes the future of finance is crypto.
- How Anthony views the alternative payments rails being developed.
- The biggest challenge for MoneyGram today.
- His vision for the next five years.
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