Sanjeev will head the Treasury division of the Company, leading Foreign Exchange management, Liquidity management and correspondent banking business

Netherlands, 25 February, 2021: TerraPay, a global digital payments infrastructure company and solutions provider, announced the onboarding of Sanjeev Gupta as ‘Head of Treasury’.

Sanjeev would spearhead Global Treasury operations, strengthen existing banking partnerships and explore new relationships, proactively manage balance sheet exposure in Foreign Exchange through use of advanced hedging tools and oversee critical aspects of liquidity function. He would play an integral role in ensuring that the Treasury business is managed in line with partner expectations and as per global industry standards.

The global digital remittance market size is expected to reach $33.9 Bn by 2026, growing at a 17.2% CAGR as per the report published by Research and Market. Facilitating digital remittances would require improving access to bank accounts for mobile remittance service providers as well as senders and recipients of remittances. With Sanjeev’s appointment, TerraPay will ensure optimal management of liquidity through our network of banking relationships. Sanjeev’s leadership in Foreign Exchange Management would also ensure that partners receive the best global rates in real time.

A seasoned Industry leader with over 25 years in the Banking and Financial Services sector, across various disciplines in the field of Treasury, Sanjeev joins TerraPay from his prior role as Executive Director at Standard Chartered Bank. During the stint, Sanjeev was managing the Foreign Exchange business for the Bank covering the Middle East, North Africa and Pakistan (MENAP) region, for over 13 years.

Ambar Sur, Founder and CEO, TerraPay warmly welcomes Sanjeev, “With Sanjeev’s rich and diverse experience in handling large banks and financial institutions, I am confident that he will bring newer perspectives to the brand. He holds a great understanding of market conditions and with his versatile technical and fundamental skills, we look forward to Sanjeev playing an instrumental role strengthening the business. I wish him all the very best in his new journey with us at TerraPay.”

Sanjeev Gupta on his appointment said, “I am very excited to embark on this journey with TerraPay. Given the focus of Central Banks globally to move away from cash to digital payments, this industry is poised to undergo a significant metamorphosis and TerraPay is rightly positioned to capture this opportunity. In a short span of time, TerraPay has built a formidable technology driven platform and has partnered with leading players in the industry. With my significant experience in Foreign Exchange and Banking industry, I am confident of adding immense value to the business.”

About TerraPay

TerraPay is a licensed digital payments infrastructure and solutions provider, paving the global payments highway. The company’s robust foundation and new-age platform technology serves as the digital interoperability engine enabling customers and businesses globally to send and receive payments in 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.

For press contact: Anwesha Mukherjee,
+91-971-724-1606