MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer and payment services, today announced that industry veteran Anil Kapur has joined the company as head of Asia Pacific and South Asia.
"We are happy to welcome Anil to the MoneyGram team," said Grant Lines, Chief Revenue Officer at MoneyGram. "He is well known throughout the industry for his organizational proficiency and ability to establish third-party partnerships that help drive growth. His leadership will be invaluable as we continue to expand our reach in the Asia Pacific and South Asia markets."
A widely recognized business leader in India, Kapur brings more than 28 years of experience in financial services across retail banking, remittances and digital payment sectors. He comes from Wirecard, a global Internet technology and financial services provider, where he served as the company's director for India. He played a pivotal role in driving company revenue by diversifying the business and its product lines.
"It is an honour to join MoneyGram, an organization which is globally recognized and highly trusted with such a strong product portfolio. I accept the challenge to lead the company's Asia Pacific and South Asia business and implement a strategy that will enable us to grow strongly. It is my personal endeavour to make a positive, meaningful impact that matters to every stakeholder."
Prior to Wirecard, Kapur worked for Western Union as managing director for India, South Asia and South-East Asia where he was instrumental in setting up business throughout the region. Under his leadership, he built a significant and robust network of agent locations spread across the geography of India, which became the largest distribution portfolio for Western Union globally.
Kapur's talents have also been sought after as the founder of InTandem Advisors, a remittance consulting and advisory firm where he provided consultancy services for fintech players, payments banks and global organizations. He brings this vast experience to MoneyGram and will provide valuable insight as a member of the regional leadership team.