MoneyGram has appointed a new Chief Digital Officer, just over a year after the global money transfer company created the position.
On Monday, Dallas-based MoneyGram announced that Josh Gordon-Blake will assume this leadership role. He previously co-founded money transfer company Pangea, which was acquired in 2021 by Enova International, a lending platform for consumers with poor credit scores and small businesses.
“We are excited to leverage his extensive experience to accelerate the growth of our modern fintech platform and our range of digital products and services,” said Alex Holmes, CEO of MoneyGram, in a press release.
Josh Gordon-Blake, MoneyGram’s new Chief Digital Officer, will oversee core remittance services, cryptocurrency integration and new product launches for MoneyGram’s website and app.
MoneyGram created the position of Chief Digital Officer in April 2023 when it appointed Seth Ross asRoss was appointed to lead MoneyGram’s direct-to-consumer business and global digital strategy. The company hired four new top politicians in February, who reported to Ross and whose roles were linked to digital strategy, and has pursued several fintech partnerships over the past two years, including with Peer-to-peer lending app Zirtue.
The creation of the new role followed years of Push from MoneyGram to design its products more specifically for consumers rather than transfer agents like Walmart.
Gordon-Blake will focus on the global expansion of MoneyGram Online (MGO). MGO is the website and app that allows users to send and receive money worldwide, pay bills online or trade cryptocurrencies. Gordon-Blake will oversee core remittance services, cryptocurrency integration and new product launches.
At this point, MoneyGram faces dozens of competitors in cross-border payments, as well as faster processing times of Traditional banks. In his quest to stand out, said in December that the decades-old company plans to expand its blockchain and crypto services, better tailor its mix of cash and digital payment services to local markets, and target new demographics.
In February 2022 agreed to be acquired from private equity firm Madison Dearborn Partners for approximately $1 billion in cash. MDP completed its acquisition in June 2023.
“We see tremendous opportunities for MoneyGram’s leading financial technology solutions, particularly as the global economy continues to rapidly digitize,” said Brendan Barrett, managing director of MDP’s Financial and Transaction Services team, in a press release at the time.
