THE BOARD OF EARTHPORT, the cross-border payments service, has said that Zafar Karim, chief financial officer, will be stepping down from the board at the end of October.
He will continue to assist the company during a transitional period to the end of the year, Earthport said.
Karim joined the company in 2009 and was involved in restructuring, turning around, and building Earthport over the last several years. Prior to joining Earthport, he was involved in investing and restructuring activities to which he will return.
Hank Uberoi, executive director of Earthport, commented, “Over the past three years, Earthport has successfully transitioned to become a global white-label provider of a cost-effective and transparent secure international payments service. We have a growing customer base and have seen monthly transaction volumes grow significantly. Zafar has been instrumental in that transition.”
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