TerraPay announced the appointment of Prabakaran K Arumugam as the Director – Revenue Assurance. A veteran in the field of foreign exchange management and cross border remittances, Prabakaran joins TerraPay from his last role as the COO of Muthoot Foreign Exchange and prior to that CPO of UAE Exchange & Financial Services, India. He has worked extensively in the domains of various banking & financial products like Foreign Exchange Treasury & Dealing Room operations, Inward Remittances, Outward Remittances (AD-II), Prepaid Forex Travel Card, Bank Notes, and compliance affiliated including RBI, FEMA, and others. He brings in nearly 20 years of experience in this field..
Speaking on his appointment, Ambar, Founder and CEO said “ We are very happy to have Prabakaran in our small but growing team. He brings in a wealth of experience to our Foreign Exchange Treasury operations and with his extensive domain knowledge, we hope to enhance our competitiveness in the market”
On his appointment Prabakaran said “I am very much excited to join this young and vibrant TerraPay team which is backed by a state-of-the-art technology and a wealth of experience. I strongly believe that TerraPay’s robust business plan for building the payments infrastructure which is backed by a set of very strong investors, will play a pivotal role in establishing its credentials in the payments industry. I am delighted and look forward to be a part of the family.”