TerraPay, a global money transfer company, announced the appointment of Juan Loraschi as the new Vice President and Head of North America Business. The strategic decision reinforces the company's commitment to expanding its presence in the growing money transfer market in the Americas.
With a remarkable career in the financial services and consumer products sectors, Loraschi brings to TerraPay extensive experience in general management, operations, and international activity. Your ability to drive profitable growth in domestic and global markets was a key factor in your selection.
The money transfer market in the United States exceeded US$ 200 billion in remittances in 2023, presenting significant growth opportunities. In the last three decades, the sector in the Americas has expanded 25 times, with no signs of slowing down.
Before joining TerraPay, Loraschi held leadership positions at Western Union, including Global Vice President of Go-To-Market & Pricing and Northeast U.S. Regional Head. He also served as head of the Andean and Central America region, as well as vice president of business development at Intermex. Your fluency in English, Spanish, and Portuguese is considered a key advantage in leading the company's efforts in the Americas.
Sudhesh Giriyan, President of Cross-Border Payments at TerraPay, expressed excitement about Loraschi’s arrival, highlighting his experience and knowledge of the Americas market as crucial factors for the company’s expansion in the region.
In turn, Loraschi expressed his satisfaction in being part of TerraPay's mission to revolutionize global money transfers, emphasizing the opportunities in the North American market and his commitment to contributing to the company's growth and success in the region.
Juan Loraschi’s appointment is aligned with TerraPay’s strategic initiatives to enhance financial inclusion, simplify cross-border payments and drive sustainable growth across the Americas region.
