In a welcome move, and against worldwide news of salary cuts and 
retrenchments, TerraPay (https://www.terrapay.com/) today announced the 
recruitment of six senior level positions across North America, East-Africa, 
Middle-East and Asia, showing how the company is very well placed to combat the 
challenges posed during the current world crisis caused by the COVID-19 
pandemic.
    
    TerraPay, backed by Prime Ventures, Partech and IFC, has been setting up 
digital payments infrastructure across the globe since 2015. These investors 
invested $9.6 million in TerraPay in March this year. This has put TerraPay in 
a good position to continue to help its partners to allow their customers to 
send real-time digital remittances to their loved ones. The company has created 
digital payments infrastructure across more than 100 countries and during these 
difficult times when the cross border remittances become the biggest source of 
income and survival for the households, TerraPay has been actively working with 
its partners to ensure that the money can be sent directly into the mobile 
wallets and bank accounts. Whenever the money is sent directly to the mobile 
wallets, it can mean that somewhere in a remote village in Rwanda, a lady would 
not have to step out of house during the pandemic to collect cash from any kind 
of queue. She can directly receive and send the money in the mobile wallet to 
pay for groceries or medicine or even transfer the money further to her ailing 
sister and her family in another village. TerraPay uses its licenses in more 
than 14 countries around the world and partnerships with Mobile network 
operators, banks and money transfer operators to ensure that the money keeps 
moving even if people can't. 
    
    Ambar Sur, founder and CEO of TerraPay commented, "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. 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. 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."
    
    The six managers recruited are:
    Sheshagiri Malliah (Sukesh) as Regional Director for Asia;
    Philip Daniel as Regional Director for North America;
    Rizwan Qazi as VP - Payments Partnerships and Special Projects;
    Bassem Awada as VP - Global for Strategic Accounts and Partnerships;
    Prabakaran K Arumugam as  Director - Revenue Assurance;
    Willie Kanyeki as Regional Director for East Africa.
    
    For more info on new appointments - CLICK  

    Press Contact: 
    Saurabh Ranjan 
    saurabh@terrapay.com

    Logo: https://mma.prnewswire.com/media/1161558/TerraPay_Logo.jpg 

    Source: TerraPay