TerraPay, a global digital payments infrastructure company and solutions provider, today announced the onboarding of Andronica Mphahlele as Regional Manager for the South African Region.
Andronica Mphahlele would be spearheading the growth of TerraPay’s business in Southern Africa, and also take on the responsibility of expanding the person-to person (P2P) remittance services by introducing TerraPay’s diverse payment systems.
Andronica has over 20 years of rich and diverse experience in the banking and financial sector. Honing a deep understanding of the Southern African market, Andronica would also manage cross functional relations with internal teams, lead bank relations in the South African region and also oversee settlement accounts. Other areas of expertise that Andronica brings to TerraPay encompass product management, market trend analysis, product development relevant to the region, liaison with regulators across the region, onboarding and management of new and existing partners.
Andronica would be joining TerraPay from her prior role as a Regional Business Development Manager at Xpress Money, where she was managing and executing Xpress Money’s global growth strategy to support business expansion, profitability and sustainability in Africa. She also developed and captured new business opportunities in the SADC region. Andronica in the past, had also won Ivy Achiever award in Africa H1 2019 at MoneyGram International.
Andronica Mphahlele, Regional Manager- South Africa, TerraPay on her appointment said - “I am excited to embark on this new journey with TerraPay. As a young girl growing up in the township of Soweto in South Africa, most of the families there were dependent or survived on money that gets sent home by a parent who was away on work. Remittances provide a lifeline for a vast majority of people in Africa. This is why TerraPay’s digital products are close to my heart, as they address the needs of ordinary people. It enables faster, more reliable, instant money transfers at low fees, unlike traditional modes of transfers that are riddled with myriad challenges. The pandemic further accelerated the need for digitization and TerraPay’s technology enables interoperability by fostering financial inclusion across borders. TerraPay not only promotes a cashless economy, but also provides the necessary infrastructure to achieve that.”
Ani Sane, Co-founder and Chief Business Officer, TerraPay, warmly welcomes Andronica Mphahlele, “With Andronica’s rich experience in the financial sector, banking and foreign exchange, financial surveillance, among others, I am confident that she will bring newer perspectives to the TerraPay brand experience. She has demonstrated know-how of sales and account management in the financial services industry of South Africa, with diversified skills in Banking, Management, Risk Management and Customer Service. This in-depth understanding of the Southern Africa region and its specific needs, will play a huge role in expanding TerraPay’s foothold in the region. We look forward to Andronica Mphahlele playing an instrumental role in managing, growing and expanding TerraPay’s business in Southern Africa.”
TerraPay is a licensed digital payments infrastructure and solutions provider, paving the global payments highway. The company’s robust foundation and new-age platform technology serves as the digital interoperability engine enabling customers and businesses globally to send and receive payments in a secure, transparent, efficient and real-time basis. The agile network supports diverse payment instruments and types of payments, while adhering to complex regulations and compliance standards in different markets.
For more information, please visit terrapay.com.