FinTech Magazine November 2024 | Page 36

“ We envisioned a world where moving money across borders is as effortless as using your mobile phone when you travel ”

AMBAR SUR , CEO , TERRAPAY
Q . FOR THOSE WHO DON ’ T KNOW , TELL OUR READERS ABOUT YOUR ROLE AND HOW YOU ’ VE HELPED GROW TERRAPAY ? When we founded TerraPay , we envisioned a world where moving money across borders is as effortless as using your mobile phone when you travel — seamless , instant and available wherever you are , regardless of where you contracted your mobile plan .
Inspired by the simplicity of how data moves almost at the speed of light , we set out to build a network that ensures money moves with the same speed and reliability , no matter the distance . This stemmed from my decades of experience in the telecom industry and that truly inspired the birth of TerraPay .
Along with my co-founders , Ani Sane ( Chief Business Officer ), Ram Sundaram ( Chief Operations Officer ) and Akbar
Hussain ( Chief Compliance Officer and General Counsel ), we realised that moving money is more a business of compliance , than money itself .
Over the years , we ’ ve been able to support emerging African markets ( very early in TerraPay ’ s journey ) and establish a strong foundation in major European and Asian countries while also strengthening our presence across LATAM .
Today , we are a global money movement network , with 31 regulatory approvals and licences , and we operate in 145 receiving countries with a robust operation that is backed by solid tech .
A few early wins for us were to earn the trust of our investors , strategic partners like Visa and large global players in the financial services space . We work with the largest money transfer organisations , wallet providers and banks . I strongly believe in the power of teamwork in
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