01.21.08 Telserra appoints industry veteran Shailesh Kotwal to Board of Directors.
SCOTTSDALE, AZ—-(January 21, 2008) – Telserra Global Inc., the company that provides the next generation of electronic transaction processing networks to every last mile, today announced the appointment of Shailesh Kotwal to their corporate Board of Directors. Kotwal was most recently President, International with global payment processor eFunds (NYSE EFD) where he oversaw all aspects of eFunds international operations including strategic direction and growth, global market strategies and international product initiatives. eFunds was recently acquired by Fidelity National Information Services (NYSE: FIS) for $1.8 billion.
“We are very pleased to have Shailesh Kotwal’s knowledge, experience, and vision on our side to help us take Telserra to the next level as a global player in consumer transaction processing. Shailesh has a proven track record of helping companies like eFunds and American Express successfully establish themselves in new international markets and there couldn’t be a better fit given our strategic objectives.”, said Craig Ballard, Chairman of Telserra.
“I am pleased to join Telserra. This is a terrific opportunity to apply my nearly 20 years of experience in the financial services industry to a dynamic organization. Telserra is uniquely positioned to leverage the growth globally in electronic transactions and I am delighted to be in a position to shape Telserra’s business.” said Shailesh Kotwal.
Kotwal joins Telserra with nearly 20 years in the financial services industry. Prior to eFunds, he was at American Express for 18 years. He was based, most recently, at American Express’ corporate offices in New York as General Manager of the International Insurance Services business, spanning 25 countries. Prior to this role, Mr. Kotwal held various senior management positions at American Express in Asia Pacific and Europe. Mr. Kotwal has wide ranging experience in building world-class businesses in electronic payments, consumer banking, cards, mortgages, insurance, lending and wealth-management.
Kotwal also served on the Board of Directors of several American Express and eFunds subsidiaries. He is a Chartered Accountant and holds a Bachelor’s degree in Finance and Accounting.
About Telserra
Telserra (http://www.telserra.com), headquartered in Scottsdale, AZ and Gurgaon, India, provides the next generation of electronic transaction processing networks to emerging markets and cash based economies. Telserra’s growing list of value added applications for retailers and consumers includes prepaid mobile recharge, bill payment, lottery, insurance, stored value, microbanking, loyalty programs, and traditional payment card processing. Telserra offers the most turnkey and cost effective systems to automate business processes everywhere from large urban centers to small remote villages. Telserra provides the applications, integrates with existing systems, and processes secure POS transactions at every last mile.