WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Wednesday it has appointed Daniel Canning as its first North America Commercial Director. According to WorldRemit, Canning will lead the company’s North America commercial activity at a time of rapid expansion. It was revealed:
“The U.S. business is growing 130% year on year, as increasing numbers of customers choose WorldRemit’s extensive global network to transfer funds to the more than 145 countries which WorldRemit currently serves. According to the World Bank, remittances sent from the US have increased by 20% within the last five years.”
Canning reportedly joins WorldRemit from Digicel, a Caribbean telecom company, where he helped re-launch the Digicel brand in the key diaspora send markets of U.S., Canada, and UK, driving strong revenue growth. Prior to Digicel, Canning worked for Western Union as Vice President, U.S. Money Transfer, where he spearheaded the growth in business to Mexico and led the company’s digital transformation, including a shift to mobile.
Speaking about his new role at WorldRemit, Canning stated:
“WorldRemit has quickly emerged as a major money transfer player in the U.S., disrupting the operations of legacy competitors with its digital and mobile-first model. Its global footprint and its strong focus on its customers make it a very exciting time for me to join the team and further grow the U.S. market.”
Tamer El-Emary, Chief Commercial Officer at WorldRemit added:
“I am delighted to welcome Daniel to WorldRemit’s senior leadership team. Daniel brings a wealth of business experience and over 20 years in the money transfer space. He will play a critical role in making the U.S. our fastest growing and largest send market globally, further supporting WorldRemit’s vision to serve 10 million customers connected to emerging markets by 2020.”
The appointment of Canning comes weeks after WorldRemit announced it had named Breon Corcoran as its new CEO.