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MoneyGram Strengthens Leadership Teams for Strategic Growth

MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company, today announces that two key leaders have joined the company to focus on two strategic growth areas for the Company: emerging markets and self-service channels. Yogesh Sangle has joined MoneyGram as senior regional director for Asia, and Andrew Typrin joins as the company’s vice president of the global MoneyGram Online business.

“I’m very pleased to announce the addition of Yogesh and Andrew to our leadership team. Each will be integral to pursuing our companywide strategy of growing both our core cash-to-cash business in emerging markets and expanding our self-service channels, including online, mobile, account deposit and kiosks,” says Pamela H. Patsley, MoneyGram’s chairman and CEO. “Yogesh has extensive experience in the payments industry in Asia Pacific and will help MoneyGram continue its strong growth in a rapidly developing region. 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.”

Sangle, who most recently held a leadership position at PayPal, Asia Pacific, has more than 15 years of experience in banking and payments solutions throughout Asia, along with expertise in online payments, digital marketing, and sales and product management. He is based in Singapore.

Typrin previously supported Amazon’s global expansion and led strategy development and execution for payments acceptance. He formerly founded a consumer payments company, National Payment Network, gaining extensive experience in building and executing new business ventures. Typrin will lead the expansion of MoneyGram Online, focused on building an exceptional and innovative online customer experience. He is based in Dallas.

“With the addition of Yogesh and Andrew, we are making significant strides toward innovative, customer-focused solutions that create long-term shareholder value,” Patsley said.

About MoneyGram International, Inc.

MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 339,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks.

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