Inswitch appoints Ronald Alvarenga as Executive Chairman

MIAMI, USA – July 6, 2020 – Inswitch, a global leader in financial technology and telecommunication services, announced today the appointment of Ronald Alvarenga as the organization’s Executive Chairman, effective as of July 6, 2020. 

Ronald Alvarenga brings to the company a wealth of business knowledge and international experience in banking, telecommunications, e-commerce and Fintech. In his most recent position Ronald led Latin America for Rapyd, a global “Fintech as a Service” company. Previously, he has held senior management positions at several multinational companies. At Millicom/Tigo, he led the launch of Tigo Money, one of the most successful mobile financial services worldwide. He was also a Board Member of the GSMA global Mobile Money group. At Citibank, he was the Regional Vice President of Products and Segments. Ronald Alvarenga holds a Business and Economics Degree as well as an MBA from INCAE Business School.

“This announcement is an important step for Inswitch, and the Board of Directors is confident that Ronald is the right person to lead us into the next phase of even more growth and opportunities”, said Mauricio Sulimovich, member of the Inswitch Advisory Board. “The experience and leadership of Ronald and his skills  will contribute to the strengthening and expansion of our international presence. He brings a unique combination of experience in banking, e-commerce, mobile technology and Fintech”, added Sulimovich.

“I am very grateful to the Board of Directors for their trust and for having been selected  to lead a company with such a robust world-class technology, an impressive record and an excellent team”, said Ronald.  

“At global level, we are experiencing a transformation that today is not only inevitable but has also recently accelerated. It goes beyond the digital element. We are changing consumption and social behavioral patterns in every industry at an unprecedented speed. Such evolution poses many challenges; but above all, huge opportunities for tech companies that are able to offer fast turnkey solutions, integrated with traditional and non-traditional systems in each sector. At IN Switch, we are convinced that we want to be an active part of this global transformation and disruption, leading the new market trends with a customer centric  approach, quality of products; and with the highest technological and operational standards ” commented Ronald.

Andrés Cerisola, Member of the Inswitch Advisory Board and President of EMTV Holding and Endeavor Uruguay, highlighted that “the appointment of Ronald Alvarenga as Executive Chairman brings an element of global projection, which arrives at the right time and generates exponential opportunities for robust technologies that have proven successful in over 40 jurisdictions. Inswitch is adding experience in critical markets that will be prioritized in the new stage, as well as strong leadership skills and executive ability to implement strategies with global ambition".

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About Ronald Alvarenga:

Ronald Alvarenga is an experienced world-class executive, with an outstanding career in banking, telecommunications, Fintech and e-commerce. He has skills in product management, banking, partnerships, regulation, and new market development on a global scale. He is a leader oriented to growth and results, as well as a visionary of the democratization of services through technology. 

For more info, visit his LinkedIn page here.