HENDERSON, Nev.--(EON: Enhanced Online News)--Global CashSpot Corp has announced that its Board of Directors has named Pierre Sawaya as Chief Executive Officer effective immediately.
“Pierre is a proven leader and visionary when it comes to the evolution of money transfer networks around the world. His vision for transforming the multi-billion dollar consumer cross-border payments industry is extraordinary.”
Mr. Sawaya is the founder and former Chairman of Endless One Global, an international Tier-1 payment processor and financial software developer that holds award-winning patents on security features and proprietary cross-border payment processing technology.
“There is no more qualified or experienced executive to lead Global CashSpot than Pierre Sawaya,” said Stephen M. Studdert, Global CashSpot Founder and Chairman. “Pierre is a proven leader and visionary when it comes to the evolution of money transfer networks around the world. His vision for transforming the multi-billion dollar consumer cross-border payments industry is extraordinary.”
“Global CashSpot is one of those rare companies that are uniquely positioned to capture significant market share by digitizing the multi-billion dollar global-cross-border payment industry and leveraging existing US retail distribution networks with our proprietary card-to-card-cross-border payment technology,” Mr. Sawaya said. “I am honored to become the CEO of Global CashSpot and look forward to launching our Global CashSpot proprietary card-to-card-cross-border payment network at thousands of select retail locations throughout the United States.”
Global CashSpot Corp is a financial technology company (FinTech) deploying a proprietary card-to-card-cross-border global payments network that enables more than 2 billion unbanked or self-banked consumers around the world, (80 million U.S.) to transfer money cross-border, in multiple currencies, real time, from any computer or mobile device from anywhere in the world using a Global CashSpot® MasterCard® branded prepaid debit card.
The Global CashSpot mobile platform is available for iOS (Apple), Android (Google), and (Microsoft) Windows. Safe Access For E-Commerce (SAFE™) authentication technology is approved by the World Bank, is PCI compliant, and one of the most secure platforms in the global payments industry.
The Global CashSpot® MasterCard® branded prepaid debit card will be accepted at more than 30 million merchants and over 1 million ATMs worldwide. CashSpot® and Global CashSpot® are registered trademarks of Global CashSpot Corp.
For additional information visit our website at www.globalcashspot.com or contact Stephen M. Studdert, Chairman, Global CashSpot at: 800-787-5439.