Singapore-based TransferTo has ankled Sandra Hua Yao to lead its business operations in East Africa as Vice President, Business Development.
The appointment is part of the company’s continued geographic expansion to support its global strategy and grow in emerging markets.
Sandra Hua Yao joins TransferTo from the National Bank of Kenya where she led the bank’s digital transformation and new business acquisition of Chinese Foreign Direct Investment. Prior to joining the National Bank of Kenya, Sandra led the mobile payment team for Orange Money where she oversaw business transformation and a strategy shift for the service.
Yao is based in Nairobi, Kenya and will be responsible for strategic direction, operations, overall leadership of the East Africa region and acquiring new network partners.
Nairobi is an important move for the Company to demonstrate our commitment to providing best-in-class mobile money solutions and services to our African partners.
TransferTo is a B2B cross-border mobile payment network, interconnecting financial institutions and mobile operators globally. Thousands of leading companies, including Vodafone’s M-Pesa, Tigo Money, Orange, Western Union, PayPal and Xoom rely on TransferTo’s Mobile Money and Airtime Hub.
TransferTo provides its partners with a global compliance framework for all relevant regulatory requirements, enabling thousands of businesses in more than 100 countries to offer real-time Mobile Money and Airtime transfer services to their customers. In 2015 alone, TransferTo Mobile Money and Airtime Hub processed more than 50 million transactions.
Regulated by the Financial Conduct Authority in the UK, TransferTo links more than 4.5 billion mobile users, through partnerships with more than 400 mobile operators. Its investors include Ingenico.
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