TerraPay makes senior strategic hire to improve payments coverage


Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • TerraPay, a provider of international money transfer infrastructure services, has said that it has made a new senior hire.
  • Deepak Bhutra has previously worked for a range of high-profile companies, including JP Morgan and Mastercard.
  • “We look forward to Deepak’s expertise in spearheading TerraPay’s transition from remittances to payments infrastructure,” said a senior figure at the company.

TerraPay, a provider of international money transfer infrastructure services, has confirmed that it has hired Deepak Bhutra as the firm’s new president of Business Development and Strategy – Payments.

In the position, Bhutra will work to build TerraPay’s payments coverage and help the company grow.

He has a career spanning a range of organisations, primarily specialising in business strategy and ensuring that organisations can defend themselves against negative future events.

He has previously worked at a number of processing firms in the technology sphere, including Worldline and First Data.

He has also worked with FIS and Mastercard.

In terms of senior leadership, Bhutra has worked as the chief executive officer of India Transact Services and vice president at JP Morgan.

A few years ago, he also set up his own company, Dazzlepay Payment Processing Pvt Ltd.

In a statement, a senior figure at TerraPay said that the expertise that Bhutra offered was strong.

Ambar Sur, who is the company’s founder and chief executive officer, said that it would help the company move from simply being a remittance provider to something more sophisticated.

“We look forward to Deepak’s expertise in spearheading TerraPay’s transition from remittances to payments infrastructure,” he said.

He added that Bhutra’s knowledge and experience in the field would be highly useful.

“His rich knowledge and experience in the payments domain with a highly result-oriented approach makes him instrumental in our payments forte.

“His understanding of the payments domain paired with his innovative growth strategies will help in expanding TerraPay’s formidable business and help us in capturing the payments markets internationally.” 

Bhutra himself acknowledged the achievements that TerraPay had already made.

“TerraPay has undoubtedly established itself as a trusted partner in global payments and cross-border transactions,” he said.

He went on to say that he was hopeful about TerraPay’s prospects.

“I believe payment is the next growth engine for TerraPay as the company transitions from a remittances company. I am confident that together, we will be able to reinforce TerraPay as a preferred partner across the entire spectrum of payments.”

He concluded by providing an overview of how the “initial strategy” would help TerraPay to achieve its goals.

“To achieve this vision our initial strategy would involve extending payout capabilities to B2B, B2C and C2B segments which will aid us in achieving our long term vision of being a leading player in the payments business,” he explained.

To get more information about what’s taking place in the online money transfer world, just go here to read our reviews.

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