PR92164

THE HAGUE, Netherlands, Oct. 7, 2021 /PRNewswire=KYODO JBN/ --

In a strategic move to strengthen the Payment Solutions business, TerraPay, a

global payments infrastructure company today announced the appointment of Mr.

Deepak Bhutra as the President of Business Development and Strategy-Payments.

Deepak brings in over two decades of rich frontline industry experience across

various organizations, helping them build their businesses and become

future-proof by developing innovative business strategies.

In his new role, Deepak would be focusing on expanding TerraPay's payments

domain and spearheading its growth. His rich industry knowledge and expertise

would help him enhance TerraPay's value proposition by adding payment

capabilities to the remarkable business line. Thus, strengthening TerraPay's

credibility and trust amongst key partners. Over the years, Deepak has

developed an affinity to payments practices across the spectrum. He has worked

with key technology processing companies like FIS, First Data, Worldline and

Mastercard. Deepak has also showcased his leadership skills during his tenure

with JP Morgan and India Tranasact Services as the VP and CEO respectively. He

also founded Dazzlepay Payment Processing Pvt Ltd in 2017.

Welcoming Deepak to TerraPay, Ambar Sur, Founder, and CEO commented: "We look

forward to Deepak's expertise in spearheading TerraPay's transition from

remittances to payments infrastructure. His rich knowledge and experience in

the payments domain with a highly result-oriented approach makes him

instrumental in our payments forte. His understanding of the payments domain

paired with his innovative growth strategies will help in expanding TerraPay's

formidable business and help us in capturing the payments markets

internationally. I wish him all the very best for his new journey with us at

TerraPay."

Speaking about his appointment, Deepak Bhutra said: "TerraPay has undoubtedly

established itself as a trusted partner in global payments and cross-border

transactions. I believe payment is the next growth engine for TerraPay as the

company transitions from a remittances company. I am confident that together,

we will be able to reinforce TerraPay as a preferred partner across the entire

spectrum of payments. To achieve this vision our initial strategy would involve

extending payout capabilities to B2B, B2C and C2B segments which will aid us in

achieving our long term vision of being a leading player in the payments

business."

About TerraPay

Headquartered in Amsterdam, TerraPay is a licensed digital payments

infrastructure and solutions provider. Since 2014, the company has been

building an ever-expanding payments highway that empowers businesses with an

uninterrupted, secure, and real-time global passage for every payment, however

small or large. Registered and regulated across 15 global markets, TerraPay is

a leading global partner to banks, mobile wallets, money transfer operators,

merchants, and financial institutions, creating a rich payment ecosystem that

supports a range of diverse payment types and instruments. With a single

integration, the company connects their partners to this deep-rooted global

network, backed by strong compliance and security standards.

For more information, please visit https://terrapay.com.

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Logo - https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

Contact:

Anwesha Mukherjee

+919717241606

anwesha@terrapay.com

Source: TerraPay