MIAMI, June 27,
2024 /CNW/ -- TerraPay, a global leader in money
movement, is pleased to announce the appointment of Juan Loraschi
as Vice President – Head of North America Business. This strategic
addition underscores TerraPay's commitment to deepening its
presence in the growing remittances market across the Americas.
Juan joins TerraPay with a distinguished career in the Financial
Services and Consumer Products industries. With extensive expertise
in General Management and Operations and significant international
experience, he has demonstrated his ability to drive profitable
growth in both domestic and global markets.
The US market, which surpassed $200
billion in remittances in 2023, continues to present
significant opportunities for growth. The remittance market in the
Americas has expanded 25 times over the last 30 years, with no
signs of slowing down. Juan's strategic leadership will be critical
as we capitalize on this potential.
Juan's career includes prominent roles at Western Union in
various leadership positions, including Global Vice President of
Go-To-Market & Pricing - Head of Northeast Region US, Head of
Andean Region and Central America
and at Intermex as Vice President of Business Development. His
fluency in English, Spanish, and Portuguese, combined with his
exceptional interpersonal skills, positions him strongly to lead
TerraPay's efforts in Americas.
Welcoming Juan to the team, Sudhesh Giriyan, President
- Cross border payments at TerraPay, said, "I am delighted to
have Juan join the team. He brings with him a wealth of experience
and a deep understanding of the Americas market which will
undoubtedly be invaluable to TerraPay's journey, especially as we
continue to expand our presence in the region. His track record of
driving growth and his strategic vision align perfectly with our
goals and mission."
Juan Loraschi, VP – Head of North
America at TerraPay, expressed his enthusiasm, stating,
"I am thrilled to be part of TerraPay's mission to revolutionise
global money movement. The North
America market presents tremendous opportunities, and I look
forward to contributing to TerraPay's growth and success in the
region."
Juan's appointment is poised to leverage the opportunities
across the Americas region, driving TerraPay's strategic
initiatives to enhance financial inclusion, simplify cross-border
payments, and foster sustainable growth.
For media inquiries, please contact: juveria.n@terrapay.com
About TerraPay:
TerraPay simplifies global money movement – by providing a
single connection to the most expansive cross-border payments
network regulated in 31 global markets and enabling payments to 144
receive countries, 210+ send countries, 7.5Bn+ bank accounts and
2.1Bn+ mobile wallets. TerraPay is on a mission to connect a
borderless financial world, making moving money everywhere instant,
reliable, transparent, and fully compliant. TerraPay pushes the
boundaries for global businesses – ranging from banks, fintechs and
money-transfer operators to travel businesses, creator economy
platforms and e-commerce marketplaces – while driving financial
inclusion in even the most inaccessible markets. Founded in 2014,
TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar,
Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having
received funding from leading investors, including the IFC (the
World Bank), Prime Ventures, Partech Africa, and Visa.
For more information visit: terrapay.com
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SOURCE TerraPay