OKLink Appoints Payments Expert Mohit Davar as Strategic Advisor

OKLink, the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based global Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term platform, has announced the appointment of Mr. Mohit Davar as Strategic Advisor. The appointment comes as the business gears up for its next phase of aggressive growth.

Based in London and with frequent stints in Hong Kong, Mohit’s role will be to provide advice to OKLink’s fast-growing team on business strategy and global partnership, leveraging his extensive industry contacts and experience.

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With over 22 years in the remittance industry, Mohit has a track record of developing and leading global teams and operations in the sector, with a focus on enhancing P2P and B2B flows, and establishing global mobile and banking networks.

Prior to joining OKLink, Mohit was the CEO of Moneygram International Ltd. and later CEO of Travelex Money Transfer. Mohit started his career at Sedgwick Noble Lowndes before setting up a joint venture between MoneyGram and Thomas Cook Group. Later, he established Travelex Money Transfer, a subsidiary of the Travelex Group, and developed it into a world renowned global remittance provider. He has served as a non-executive director on the board of various payment companies and currently serves as Chairman of the International Association of Money Transfer Networks.

Jack C. Liu, Chief Strategy Officer at OKLink, said: “We are excited to welcome someone of Mohit’s caliber to our team. With his depth of experience and having built up strong and cordial relationships with various banks, financial institutions and regulators around the world, we look forward to working with him on ways to expand the business and connect and empower even more remittance companies worldwide.”

Mohit Davar commented: “Micro-sized overseas remittances is an over US$500billion market according to the World Bank and is expected to grow significantly, however, it is extremely fragmented. OKLink has developed a unique system that bridges the conventional settlement methodology with a blockchain enabled system, offering additional benefits of speed, transparency and significant cost reduction. I am very happy to join the team in building the next generation global settlement network.”

OKLink, which launched in August 2016, currently offers payouts to 40 countries across Asia, Europe, and the Americas, and already has more than 100 partners on its network.