GCP-backed Transpay taps Carlo global head of travel payments

Transpay, the New York cross-border payments platform, named Mike Carlo global head of travel payments. Carlo had been head of travel solutions at Wex Inc and global market leader for travel at GlobalCollect/Ingenico. At Transpay he’ll oversee expansion of the company’s travel-industry solutions. Transpay is backed by GCP Capital Partners, the $1.8 billion New York private equity fund led by top investors in the payments industry.

Press Release

Transpay Adds Mike Carlo as Global Head of Travel Payments

NEW YORK, April 25, 2016 /PRNewswire/ — Transpay, a B2B/B2P cross-border payments platform, is pleased to announce the addition of Mike Carlo to its leadership team as Global Head, Travel Payments.

Carlo will oversee the expansion of Transpay’s solutions for the travel industry, leveraging Transpay’s global direct-to-bank payment network to solve complex cross-border payouts.

“Mike’s extensive experience in the travel payment arena and deep industry knowledge makes him a welcome addition as we introduce Transpay’s solutions to the travel industry,” says Nagarajan Rao, Head of Transpay.

Carlo joins Transpay after serving as Head of Travel Solutions at WEX Inc. and Global Market Leader for Travel at GlobalCollect/Ingenico. He also serves on the board of directors for the Hotel Electronic Distribution Network Association (HEDNA – hedna.org).

“I am thrilled to join the Transpay team, and see tremendous opportunity to provide travel merchants with a solution for sending payments to challenging markets such as India, China, Russia, Brazil and Turkey– and in the remaining 115 countries Transpay serves,” says Carlo.

Carlo and the Transpay travel team will be attending several conferences including:

The Airline & Travel Payment Summit in Barcelona, April 25 – 27, 2016

PhocusWright Europe in Dublin, May 10 – 12, 2016

HEDNA Berlin, June 14 – 16, 2016

To learn more about Transpay’s cross-border payments platform or to schedule a demo, contact (212) 994 -0345, email info@transpay.global or request a demo here.