LONDON, May 6, 2024 /PRNewswire/ — TerraPay, a leading global money movement company, is excited to announce the appointment of Hassan Chatila as Vice President – Global Head of Network.

This key addition to TerraPay’s global network leadership also marks a critical step in the company’s ongoing strategy to simplify and streamline global money movement for businesses and individuals alike, underscoring its commitment to enhancing its network capabilities.

With over 20 years of experience in the cross-border payments, Hassan brings with him a rich legacy of leadership and innovation. Before joining TerraPay, he served as the Global Head of Western Union’s Account Payout Network, where he played a pivotal role in expanding and optimizing the network to support seamless global transactions. His impressive career portfolio also includes key leadership roles at Earthport and Temenos, where he led significant payments transformation initiatives and drove substantial growth.

In this new role at TerraPay, Hassan will lead the expansion and optimization of TerraPay’s global payout network. He will work closely with internal and external stakeholders to enhance the network’s capabilities, ensuring that TerraPay continues to offer its partners transparent and efficient payment solutions.

Welcoming Hassan to the team, TerraPay Founder and CEO, Ambar Sur, said, “It gives me great pleasure to welcome Hassan on board. As an industry expert, he comes with a highly reputable cross-border payment expertise and deep leadership experience. On TerraPay’s journey of growth, Hassan’s appointment is a critical step in furthering our network expansion goals. I look forward to working together and further deepen TerraPay’s position as a global money movement leader.”

Hassan Chatila, VP – Global Head of Network, TerraPay, commented on his new role, saying, “I am thrilled to join TerraPay at this pivotal time. Over the years, TerraPay has built an expansive global money movement network driven by the mission to build a borderless world of payments. I look forward to leveraging my experience to further develop our network capabilities, create new opportunities across markets and help TerraPay achieve its ambitious goals.”

For media inquiries, please contact [email protected]

About TerraPay

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.

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NAVI MUMBAI, India, May 6, 2024 /PRNewswire/ — IRIS Business Services (BSE: 540735), a leading provider of innovative regulatory reporting software solutions, proudly announces the launch of ‘IRIS Myeinvois’, a cutting-edge Software as a Service (SaaS) platform designed to streamline e-Invoice compliance for taxpayers in Malaysia.

As per the mandate set forth by Malaysia’s tax regulator, Lembaga Hasil Dalam Negeri (LHDN), businesses are required to adopt electronic invoicing for tax compliance. In response to this regulatory requirement, IRIS Myeinvois offers a comprehensive solution that empowers businesses to achieve e-Invoice compliance effortlessly.

The hallmark feature of IRIS Myeinvois is its capability to seamlessly transform data from diverse source systems into the prescribed format for e-Invoice generation. This functionality not only simplifies the compliance process but also enhances efficiency by eliminating manual data entry errors.

Furthermore, IRIS Myeinvois provides users with flexible connectivity options, including API integration, file-based SFTP integration, manual file uploads, and direct manual entries via the intuitive portal interface. This versatility ensures that businesses of all sizes and technological capabilities can easily leverage the platform to meet their e-Invoice compliance obligations.

In addition to its core functionality, IRIS Myeinvois offers a range of value-added features to enhance user experience and maximize productivity. Customizable invoice templates enable businesses to tailor their invoices according to their branding and specific requirements. Real-time alerts ensure timely notifications for important events and deadlines, enabling proactive compliance management. Moreover, robust analytics capabilities provide valuable insights into invoicing trends and patterns, empowering businesses to make data-driven decisions.

“We are thrilled to introduce IRIS Myeinvois to the Malaysian market,” said Gautam Mahanti, Business Head at IRIS Business Services. “With its user-friendly interface, advanced features, and seamless integration capabilities, IRIS Myeinvois is poised to revolutionize e-Invoice compliance for businesses across Malaysia.”

About IRIS Business Services

IRIS Business Services  is at the forefront of solutions for regulatory reporting and compliance, trusted by over 30 regulators, 6000+ enterprises, in 52 countries.  

The tax technology division of IRIS, IRIS Tax Tech, aids businesses in fulfilling their GST compliance obligations and in processing e-invoices by serving over 1500 companies in India, generating over 3 mn e-Invoices every month.

Additionally, it is appointed by the Indian government as an Invoice Registration Portal (IRP) for companies to meet the e-invoicing mandate.

For more information visit – www.irisbusiness.com.   

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RIYADH, Saudi Arabia, May 6, 2024 /PRNewswire/ — The Halal Economy Leadership Forum 2024 (HELF 2024) held recently in Riyadh, Saudi Arabia, set the stage for a momentous gathering of industry leaders, policymakers, and experts to advance discussions on the Halal Economy—a vital cornerstone of global commerce. Hosted jointly by the Halal Development Corporation (HDC), the Halal Products Development Company (HPDC), and Islamic Development Bank (IsDB), the event featured the significance of fostering collaboration and driving innovation in the halal industry.

The forum was attended by His Excellency Datuk Wan Zaidi Wan Abdullah, the Ambassador of Malaysia to the Kingdom of Saudi Arabia, representing Malaysia’s Minister of Investment, Trade and Industry, The Hon. Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. Also attended were President of IsDB, H.E. Dr. Muhammad Al Jasser, Mr. Fahad S. AlNuhait, Chief Executive Officer of HPDC and Chairman of HDC, Mr. Khairul Azwan Harun. This line-up showed the shared commitment of Malaysia and Saudi Arabia towards advancing the principles and values of the Halal Economy.

The Halal Economy, rooted in Islamic ethics and jurisprudence, spans across diverse industries such as food and beverage, pharmaceuticals, cosmetics, finance, and tourism, offering vast opportunities for economic growth and sustainable development. Malaysia, a global leader in the halal industry, has positioned itself as a hub for halal excellence through strategic initiatives and partnerships, facilitating trade and investment between the East and the West.

This strategic partnership aims to leverage the collective expertise and resources of the organizations involved to drive innovation, facilitate trade, and promote economic development within the halal industry across 57 Member Countries and Non-member Countries.

Quoting Tengku Datuk Seri Utama Zafrul’s speech read by H.E Datuk Wan Zaidi, he emphasized the importance of collaboration in advancing the halal economy, stating, “This tripartite collaboration signifies a significant step forward in our efforts to strengthen the halal ecosystem and promote inclusive economic growth among IsDB Member Countries and beyond.”

Part of the HELF 2024, a Business-to-Business (B2B) networking session hosted by the HPDC was held for the Malaysian delegates. Both the B2B and HELF 2024 managed to achieve its target to help the industry players gain insights and acquire knowledge on Halal, as well as sourcing or securing new strategic partnerships for businesses. Among the countries that show interest in getting HDC’s expertise are Nigeria, Pakistan, Mauritius, Morocco, Rwanda, and South Africa.

The outcome of this collaboration is to offer IsDB Member Countries and non-member countries the best solutions in the Halal Ecosystem Development & Enablement. This includes utilizing financial instruments available to address intra-trade deficits and capitalize on potential markets. The forum also outlines joint efforts to develop a high-quality halal products ecosystem and analyze successful halal ecosystem models and market solutions.

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