In a strategic move to strengthen the Payment Solutions business in the Asia region, TerraPay, a global payments infrastructure company today announced the appointment of Sanjeeva Kumar as Senior Vice President – Payment Solutions. TerraPay is a leader in providing seamless and secure cross-border real-time payments and remittance transfers through digital interoperability, across diverse financial instruments such as mobile wallets and bank accounts.

As per a Forkast news article, the Covid-19 pandemic has upended lives and livelihoods in 2020, but it is also accelerating Asia’s transition to an all-inclusive and empowering digital cashless economy. Notwithstanding border restrictions, the region’s digital payments ecosystem is growing by leaps and bounds as countries are increasingly collaborating to connect their domestic payment systems. Government-to-government collaboration has been instrumental in driving cross-border real-time payment connectivity in the region and beyond.

As an integral part of TerraPay, Sanjeeva would lead the Payment Solutions business of the brand, for the Asia region, by building strategic partnerships with eWallets, Financial Institutions and the Merchant ecosystem. His key responsibility would be to envision and develop the Company's future proof payments processing infrastructure in linking global partners with TerraPay's one-to-many connections, at affordable prices.

For his new role, Sanjeeva brings with him his seasoned industry experience and expertise in the fintech domain, having served as Chief Product & Marketing Officer at Omise, a Thai Fintech startup as well as in various leadership roles across Visa, Elavon, ANZ Banking Group and CapGemini. With more than two decades of extensive experience in Banking, Payments and eCommerce, Sanjeeva adds an informative perspective into Payments Acceptance & Acquiring, Fraud Management, Retail & Travel sectors.

On Sanjeeva's appointment, Ani Sane, Co-founder and Chief Business Officer, TerraPay commented, “We welcome Sanjeeva to TerraPay and look forward to his diverse set of expertise and know-how in the ever growing digital payments space. I am confident that he will bring in pioneering strategies and fresh perspectives that will help the Company achieve new heights of success. I look forward to him playing an instrumental role in strengthening our well entrenched business in the Asia region., and wish him all the very best in his new journey with us at TerraPay.”

“TerraPay is an amazing platform which eliminates first and last mile friction in a payment journey by offering the most innovative, efficient and real-time solutions. Deep domain knowledge and innovative products have helped TerraPay lead the Money Remittance market. Using robust cloud technologies and by leveraging regulatory licenses across the globe, TerraPay is building a payment infrastructure highway for its clients by extending their send offering to spend, manage and grow! I feel excited to be part of such a journey,” said Sanjeeva Kumar, Senior Vice President – Payment Solutions, TerraPay.

About TerraPay

TerraPay is a licensed digital payments infrastructure and solutions provider, paving the global payments highway. The company’s robust foundation and innovative platform technology serve as the digital interoperability engine enabling customers and businesses globally to send and receive payments on a secure, transparent, efficient, and real-time basis. The agile network supports diverse payment instruments and types of payments while adhering to complex regulations and compliance standards in different markets.

For more information, please visit terrapay.com.