TerraPay Hires Ritesh Pai as Senior Vice President Product – Payment Solutions

TerraPay, a leading global payments infrastructure company, announced that it has appointed Ritesh Pai as Senior Vice President Product – Payment Solutions. The appointment comes as the company intends to strengthen the Payment Solutions business

In his new role, Ritesh will be responsible for leading the Payment Solutions division, managing strategic partnerships and special projects. Additionally, he would play an integral role in envisioning and developing the Company’s future proof payments processing infrastructure in linking global partners with TerraPay’s one-to-many connection, at affordable prices, according to the company.

Ritesh brings with more than two decades experience in the Digital Banking, and Payments system domain. He joins TerraPay from Yes Bank, where he most recently served as Senior Group President & Chief Digital Officer. Before that, Ritesh was also worked at Ratnakar Bank, where he spent for over 4 years. During his career, Ritesh practised at HDFC Bank, Kotak Mahindra, Ratnakar Bank, REV Asia Pacific, and Fidelity National Information Systems and so on.

Commenting on the appointment, Ambar Sur, Founder and CEO at TerraPay, said:“Ritesh’s rich knowledge and experience in the digital payments domain with his highly result-oriented approach, makes him instrumental in our Solutions forte. I am confident that his innovative and strategic leadership will guide TerraPay chart new waves in digital payment solutions across markets globally, enabling a transformation in cashless acceptance, internationally. I wish him all the very best.”

Ritesh noted, “The evolution of the payments industry continues to be driven by changes in technology and customer behavior. Our vision is to empower all regions – developed and underserved, with financial solutions enabling them to Send, Spend, Manage and Grow, by offering propositions that are outcome-oriented.  I look forward to my journey at TerraPay in driving this initiative.”