Mohit Davar

Chairman of International Association of Money Transfer


Mohit Davar is a payments expert and has worked in the industry for over 25 years.
He started his career at Sedgwick Noble Lowndes internal audit and moved to Thomas Cook Group, corporate finance department. In 1997, he helped set up the joint venture between MoneyGram Inc. (NYSE listed company) and Thomas Cook. He ran this JV until 2003, when the 49% held by Thomas Cook was sold back to MoneyGram at a significant valuation. He then set up Travelex Money Transfer, a subsidiary of the Travelex Group. This was sold to Coinstar Inc. (NASDAQ listed company) in 2006. He continued to build Coinstar Money Transfer into a very successful global remittance company and sold it to Sigue Financial Corporation in 2011. He then went on to set up his own consultancy / advisory service in Dubai. He joined the Board of Eastnets, a swift service bureau in Dubai and was involved in various payment / mobile wallet projects in the region. He is now on the Board of and an advisor to a number of payment companies. Mohit is the Chairman of International Association of Money Transfer (remittance trade body) and a member of the Institute of Chartered Accountants in England and Wales.