TerraPay has appointed the Former Global Head of Visa Direct, Ruben Salazar Genovez, as its President. Genovez has a background
in the payments industry, including stints at Visa, Citibank, Barclays, and
Mastercard.
Ambar Sur, the Founder and Chief Executive Officer
at TerraPay, mentioned: “Ruben Salazar is an exceptional addition to our
leadership team, and we are thrilled to welcome him as President of TerraPay.
His deep knowledge of the payments industry, coupled with his proven track
record in driving global growth, will be invaluable as we continue to expand
our presence worldwide.”
According to the press release, Genovez is expected to implement strategies that strengthen TerraPay’s
position in cross-border money movement and non-traditional payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term. TerraPay’s
Board of Directors expressed confidence in Genovez’s ability to drive growth
and expand the company’s global footprint.
Genovez mentioned: “The founders, the board, and
the amazing team at TerraPay have been building the technology and connectivity
to offer a global agnostic money movement network and alternative payments
capabilities to support seamless cross-border transactions for our partners.”
Source: LinkedIn
TerraPay’s Cross-Border Operations
Headquartered in London, TerraPay facilitates global
money movement by providing a single connection to an expansive cross-border
payments network.
Last year, the firm partnered with Papara, a fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term company based in Turkey. This collaboration aims to provide
users with solutions for transferring money across borders. As Turkey’s
payments sector experiences rapid growth, this alliance signified a pivotal
development in facilitating global transactions.
TerraPay reported that Turkey’s digital payments
sector is poised for significant expansion. With an anticipated growth rate of
15% between 2023 and 2027, this expansion will culminate in a market volume of US $136 billion by
2027.
Besides that, TerraPay secured a Major Payment Institution license from the Monetary Authority of Singapore last year.
The license allows the company to offer regulated digital payment token
services. With operations spanning over 200 countries,
TerraPay’s authorization in Singapore strengthened its ability to enhance payment
solutions globally.
TerraPay has appointed the Former Global Head of Visa Direct, Ruben Salazar Genovez, as its President. Genovez has a background
in the payments industry, including stints at Visa, Citibank, Barclays, and
Mastercard.
Ambar Sur, the Founder and Chief Executive Officer
at TerraPay, mentioned: “Ruben Salazar is an exceptional addition to our
leadership team, and we are thrilled to welcome him as President of TerraPay.
His deep knowledge of the payments industry, coupled with his proven track
record in driving global growth, will be invaluable as we continue to expand
our presence worldwide.”
According to the press release, Genovez is expected to implement strategies that strengthen TerraPay’s
position in cross-border money movement and non-traditional payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl
Read this Term. TerraPay’s
Board of Directors expressed confidence in Genovez’s ability to drive growth
and expand the company’s global footprint.
Genovez mentioned: “The founders, the board, and
the amazing team at TerraPay have been building the technology and connectivity
to offer a global agnostic money movement network and alternative payments
capabilities to support seamless cross-border transactions for our partners.”
Source: LinkedIn
TerraPay’s Cross-Border Operations
Headquartered in London, TerraPay facilitates global
money movement by providing a single connection to an expansive cross-border
payments network.
Last year, the firm partnered with Papara, a fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term company based in Turkey. This collaboration aims to provide
users with solutions for transferring money across borders. As Turkey’s
payments sector experiences rapid growth, this alliance signified a pivotal
development in facilitating global transactions.
TerraPay reported that Turkey’s digital payments
sector is poised for significant expansion. With an anticipated growth rate of
15% between 2023 and 2027, this expansion will culminate in a market volume of US $136 billion by
2027.
Besides that, TerraPay secured a Major Payment Institution license from the Monetary Authority of Singapore last year.
The license allows the company to offer regulated digital payment token
services. With operations spanning over 200 countries,
TerraPay’s authorization in Singapore strengthened its ability to enhance payment
solutions globally.