MoneyGram announced that its Board of Directors has appointed Anthony Soohoo, an experienced technology executive with deep expertise leading digital transformations that enhance growth strategies, to the role of Chief Executive Officer. Soohoo will be responsible for executing the Company's focused digital innovation strategy, while strengthening and expanding MoneyGram's leading global partner network.
MoneyGram CEO Anthony Soohoo shares how expanding MoneyGram Ramps to Solana connects digital assets with real-world utility.
Wallets and apps built on Solana can now tap MoneyGram's global network to move between digital assets and local currencies. “Bringing MoneyGram Ramps to Solana is another step toward building a truly open, global payments network," said MoneyGram CEO Anthony Soohoo.
MoneyGram CEO Anthony Soohoo said the company's blockchain strategy is focused on modernizing cross-border payments, by using blockchain infrastructure to make remittances faster, cheaper and more transparent while keeping the technology invisible to customers.
The United States to India remittance corridor is one of the largest in the world by value. Families, students, and professionals in the US send billions of dollars to India every year for parents, property, tuition, everyday support, and important life moments.
You’re ready to send money to someone you care about when you notice a number on the screen labeled “exchange rate.” If you’ve never sent money internationally before, it can feel confusing fast. Is it part of the fee? Does it affect the transfer? Are you supposed to know what it means before you continue?
Bancolombia is Colombia’s largest bank, with millions of personal account holders across the country. Because so many Colombians bank with Bancolombia, it’s one of the most common destinations for money transfers from the US.
