Remittance Company Pangea Appointed Nishu Thukral as CEO to Steer Rapid Growth

Nishu Thukral, the former Chief Operating Officer of Pangea Money Transfer, has got the job of steering the company as the Chief Executive Officer, said the disruptive international remittance company.

Prior to joining Pangea Money Transfer as the Chief Operating Officer, Nishu Thukral worked as a senior director of payment strategy at Redbox. He also has worked in the investment banking sector as a VP at Marks Baughan & Co.

With over fifteen years of experience in the payment industry, Nishu Thukral worked as the COO for over two years at Pangea Money Transfer and played a vital role in the rapid growth that the company experienced over recent years.

Although Pangea Money Transfer was founded in 2012, the company has grown tremendously and now considered to be an innovative leader in the international remittance industry.

According to company’s marketing materials, Pangea Money Transfer has increased its remittance volume by 800 percent in year-over-year growth.

In 2015, Pangea Money Transfer introduced a new debit-to-debit international money transfer service, which allows customers to send funds in real time to Mexico using the 16-digit primary account number.

Since the service does not require detail banking information to initiate a transfer and the recipient of the funds can access them in real time, the product became very popular among migrant workers from Mexico.

The newly appointed CEO, Nishu Thukral said on his LinkedIn account that the service “enables users to send money internationally in less than 30 seconds and save up to 75% in fees.”

Commenting on appointing Nishu Thukral as the CEO, Jane Thompson a board member of Pangea Money Transfer said that “His ability to drive payment technology strategies, build world-class teams and develop scalable operations will play an integral role in bringing our international money transfer solution to more people around the world.”

“Nishu’s extensive payments experience, both from the operator and investor side, makes him a great choice to lead Pangea,” he added.

Besides appointing a new Chief Operating Officer, Pangea Money Transfer also announced to make two key appointments, Tracey Weinberg as their Head of Marketing and Elizabeth Arnold as Vice President of Product Management.