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

THE HAGUE,Netherlands,Oct. 7,2021 --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.

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

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 bestfor 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 terrapay.com.

Contact:

Anwesha Mukherjee

+919717241606

anwesha@terrapay.com