TerraPay, a leading global money transfer company, is excited to announce the appointment of Hassan Chatila as the Vice President – Global Head of Network. With over 20 years of experience in cross-border payments, Hassan brings a wealth of leadership qualities and innovations to the table.
Prior to joining TerraPay, Hassan served as the Global Head of the Western Union Account Payout Network, where he played a crucial role in expanding and optimizing the network to support seamless global transactions. His impressive career portfolio also includes key leadership positions at Earthport and Temenos, where he led significant initiatives to reshape payment systems and drive substantial growth.
In his new role at TerraPay, Hassan will oversee the expansion and optimization of the company’s global payout network. He will collaborate closely with internal and external stakeholders to enhance the network’s capabilities and ensure that TerraPay continues to offer transparent and efficient payment solutions to its partners.
CEO and Founder of TerraPay, Ambar Sur, warmly welcomed Hassan to the team, acknowledging his expertise in cross-border payments and extensive leadership experience. Hassan’s appointment is a pivotal step in advancing TerraPay’s network expansion, as the company strives to cement its position as a global leader in money transfer.
Expressing his enthusiasm about joining TerraPay at this crucial time, Hassan stated, “I am thrilled to be joining TerraPay. Over the years, the company has built an extensive global network for money movements, driven by the mission to create a borderless world of payments. I look forward to leveraging my experience to further expand our network capabilities, create new opportunities in various markets, and help TerraPay achieve its ambitious goals.”
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About TerraPay:
TerraPay simplifies global money transfers by providing a single connection to the most extensive cross-border payment network, regulated in 31 global markets. The network enables payments to be made to 144 recipient countries, from over 210 sender countries, with access to over 7.5 billion bank accounts and over 2.1 billion mobile wallets. TerraPay aims to create a borderless financial world, where money transfers are instant, reliable, transparent, and fully compliant. Ranging from banks, fintechs, and money transfer providers to travel agencies, creator economy platforms, and e-commerce marketplaces, TerraPay is transforming the landscape for global businesses and promoting financial inclusion, even in the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London and has offices in Bangalore, Dubai, Miami, Bogota, Daressalam, Kampala, The Hague, Dakar, Johannesburg, Nairobi, Milan, and Singapore. The company is rapidly expanding and has received financial backing from leading investors, including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa. [Logo: TerraPay]
TerraPay, a global money transfer company, has recently appointed Hassan Chatila as the Vice President – Global Head of Network. With over 20 years of experience in cross-border payments, Hassan brings valuable leadership qualities and innovations to the company.
Prior to joining TerraPay, Hassan served as the Global Head of the Western Union Account Payout Network, where he played a crucial role in expanding and optimizing the network to support seamless global transactions. His career portfolio also includes key leadership positions at Earthport and Temenos, where he led significant initiatives to reshape payment systems and drive substantial growth.
In his new role at TerraPay, Hassan will oversee the expansion and optimization of the company’s global payout network. This appointment is a pivotal step in advancing TerraPay’s network expansion, as the company aims to solidify its position as a global leader in money transfer.
One current market trend in the money transfer industry is the increasing demand for digital and mobile-based payment solutions. With TerraPay’s access to over 2.1 billion mobile wallets worldwide, the company is well-positioned to cater to this growing segment of the market.
Forecasting the future, the global remittance market is expected to continue its growth trajectory. According to a report by Allied Market Research, the global remittance market size is projected to reach $1,890.76 billion by 2028, growing at a CAGR of 15.3% from 2021 to 2028. This presents a significant opportunity for TerraPay to expand its network and capture a larger market share.
However, there are also key challenges and controversies associated with the subject. One challenge is ensuring compliance with regulatory requirements in different jurisdictions. As TerraPay operates in 31 global markets, it needs to navigate various regulatory frameworks to ensure seamless and compliant money transfers.
Another controversy surrounding the money transfer industry is the issue of high transaction fees. Although TerraPay aims to provide transparent and efficient payment solutions, it is essential to address concerns about the cost of transferring money internationally.
Overall, Hassan Chatila’s appointment as the Vice President – Global Head of Network at TerraPay strengthens the company’s leadership in cross-border payments. With his expertise and experience, TerraPay is well-positioned to expand its network capabilities, create new opportunities in various markets, and achieve its ambitious goals.
For more information about TerraPay and its services, visit the official website: terrapay.com.