CHICAGO, June 11, 2019 /PRNewswire-PRWeb/ -- Pangea Money Transfer, a Chicago-based, mobile-centric remittance platform for sending money from the U.S. to 15 countries across Asia and Latin America, announced today that board member and experienced corporate leader Jane J. Thompson has moved into a new role with the company as executive chairperson.
Thompson, who has served on Pangea's board of directors since 2013, will work closely with CEO Nishu Thukral to build the company's new Remittance as a Service offering using her leadership experience across tech, payments and retail. With Remittance as a Service, Pangea has expanded into a new business line, providing its global infrastructure to domestic and international partners interested in offering international money transfers to their customers.
"Having an experienced business leader and operator like Jane on our board of directors was already a positive," said Thukral. "Now, as chairperson, I'm excited for her to move into a more active role with Pangea and help expand Remittance as a Service to many new partners. We see rapid growth in the near term and Jane's operating experience in designing and scaling business like ours will help in numerous ways. "
Thompson founded Walmart Financial Services in 2002, leading it for nine years to become the largest business in America for serving the needs of underserved financial services customers. The business model Jane developed at Walmart included money transfers and numerous other product partnerships with companies like Pangea who brought technology, infrastructure, compliance and marketing to Walmart's large retail footprint, customer base and brand. The strengths of both companies combined to create a business that scaled rapidly and profitably. Following that, she founded her own company in 2011, a management consulting firm serving senior executives in financial services and technology. Currently, Thompson sits on the board of directors for three well-known financial services and fintech companies: Navient, OnDeck and Mitek Systems. She formerly served on the boards of Blackhawk Network, Verifone, The Fresh Market and ConAgra Foods.
"Pangea has shown a lot of promise and growth since I joined the board years ago, with its own Pangea brand and business model that is proven in the markets it serves," said Thompson. "It is now poised to rapidly expand with a co-branded model that I know works. It also enables me to continue the mission I began at Walmart, helping underserved customers gain access to financial products that help them live a better life within countries all around the globe."
Thompson began her career with Procter & Gamble in brand management, was a partner at McKinsey & Company in the consumer group, and worked for a decade at Sears, Roebuck & Co. where she led transformations of major operating groups: Credit, Home Services and Sears.com. She graduated from the University of Cincinnati with a Bachelors of Business Administration before earning her MBA from Harvard Business School.
To learn more about the leadership team at Pangea, visit https://pangeamoneytransfer.com/team/. To view current job openings, visit https://pangeamoneytransfer.com/jobs/.
About Pangea Money Transfer:
Pangea Money Transfer is a mobile-centric remittance platform that allows on-the-go users to send money from the U.S. to 15 countries across Latin America and Asia in less than 30 seconds -- all for a low flat fee. Receivers can collect the money at thousands of retail locations or have it directly deposited into any bank account or onto a debit card. Pangea's remittance solution is flexible, fast and easy to use, earning "Best User Experience" and "Fastest Transfer" at the 2017 Finder Money Transfer Awards. As a result, the platform has achieved industry-leading loyalty and referral rates. To stay up to date on Pangea expansion news and product announcements, visit http://www.pangeamoneytransfer.com.
SOURCE Pangea Money Transfer
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