- The payment infrastructure development firm said that it would hire six new people in senior roles
- They will be based in various markets around the world, including North America and Asia
- “We are using these times to ensure that we build our capabilities in this new world order and in order to do that I am very happy to announce the addition to the TerraPay family in N. America, East-Africa, Middle-East and Asia”, said TerraPay’s CEO
A leading name in the online money transfer field has revealed that it has made a number of senior hires – despite the worldwide uncertainty caused by the coronavirus pandemic.
TerraPay, which designs payment infrastructures and offers it to international money transfer partners, said that it would take on six new senior leaders around the world.
The leaders will be based in a range of key markets such as the Middle East, North America and East Africa.
Sheshagiri Malliah, who is also known as Sukesh, has been appointed regional director for Asia.
Two other regional directors have been appointed as well.
Philip Daniel will serve as regional director for North America, while Willie Kanyeki will occupy the same role in East Africa.
Rizwan Qazi will serve as vice president for payments partnerships and special projects, while Bassem Awada will head up strategic accounts and partnerships globally.
Finally, Prabakaran K Arumugam has been named director for revenue assurance.
TerraPay, which began offering infrastructure services in 2015 and is backed by a range of investors including IFC and Prime Ventures, said that it had received $9.6m from some of its investors in March of this year.
It said that its infrastructures have been used in over 100 nations across the globe and that it has licenses in over 14 nations.
Commenting on the new appointments, Ambar Sur – who serves as the founder and CEO of TerraPay – said that the move was part of a decision to “build our capabilities in this new world order”.
"We understand that we have a huge role to play when it comes to making sure that the money keeps flowing across borders despite the restrictions”, he said.
“The seamless flow of payments and remittances is our way of serving the financially underserved and disadvantaged during these difficult times.”
“We are using these times to ensure that we build our capabilities in this new world order and in order to do that I am very happy to announce the addition to the TerraPay family in N. America, East-Africa, Middle-East and Asia”, he added.
He also said that the moves showed confidence in the firm’s belief that going “away from cash” was the right idea.
“These announcements are also a statement of belief in our business model of digital payments away from cash which we have been pursuing since inception and which has been backed up by institutions like IFC, Prime and Partech”, he added.
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