TerraPay, global money transfer company, announced the appointment of Juan Loraschi as the new vice president and head of North American 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 action. 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 surpassed $200 billion in remittances in 2023, presenting significant growth opportunities. In the last three decades, the sector in the Americas expanded 25 times, without signs of slowing down
Before joining TerraPay, Loraschi held leadership positions at Western Union, including global vice president of Go-To-Market & Pricing and head of the northeastern region of the USA. He also served as head of the Andean region and Central America, in addition to being vice president of business development at Intermex. Your fluency in English, Spanish and Portuguese are considered an advantage for leading the company's efforts in the Americas
Sudhesh Giriyan, president of cross-border payments at TerraPay, expressed enthusiasm with the arrival of Loraschi, highlighting your 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 transfer, emphasizing the opportunities of the North American market and its commitment to contributing to the growth and success of the company in the region
The appointment of Juan Loraschi is aligned with TerraPay's strategic initiatives to improve financial inclusion, simplify cross-border payments and promote sustainable growth throughout the Americas region
