TerraPay, a global money transfer company, has announced the appointment of Juan Loraschi as the new vice president and head of business for North America.The strategic decision reinforces the company's commitment to expanding its presence in the growing money transfer market in the Americas.
With a distinguished career in the financial services and consumer products sectors, Loraschi brings to TerraPay extensive experience in general management, operations and international operations.His ability to drive profitable growth in domestic and global markets was a determining factor in his choice.
The money transfer market in the United States surpassed 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.
Prior to joining TerraPay, Loraschi held leadership positions at Western Union, including global vice president of Go-To-Market & Pricing and head of the northeastern U. S. region. He also served as head of the Andean region and Central America, as well as vice president of business development at Intermex.
Sudhesh Giriyan, president of cross-border payments at TerraPay, expressed enthusiasm over the arrival of Loraschi, 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 to be part of TerraPay's mission to revolutionize global money transfer, emphasizing the opportunities of the American market and its commitment to contribute to the growth and success of the company in the region.
The appointment of Juan Loraschi is in line with TerraPay's strategic initiatives to improve financial inclusion, simplify cross-border payments and promote sustainable growth across the Americas region.
