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Home Business Visa and TerraPay team up to drive real-time digital remittances

Visa and TerraPay team up to drive real-time digital remittances

by Val Lukhanyu
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Visa has partnered with TerraPay, a global payments infrastructure company, for real-time development and delivery of payment solutions in an effort to drive financial inclusion and cashless transactions for domestic payments and global remittances.

The partnership will develop and deliver solutions to drive repeat consumption of the mobile wallets and digital currency for digital payments and remittances.

“We at TerraPay view the Visa partnership as a next step towards the development of sustainable and scalable interoperable payment options for our partners and their consumers’ payment requirements,” said Ambar Sur, Founder and CEO of TerraPay.

TerraPay has established itself as a global partner to leading Money Transfer Operators, Mobile Wallet Operators, and Financial Institutions to facilitate digital transactions without borders. As a B2B company, TerraPay partners with other businesses and helps them leverage its agile, secure, and scalable technology platform. To enhance its customer proposition for remittances, payments, and cross border spends. TerraPay is regulated in 45+ countries around the world.

“We want our partners to remain focused on their customers’ payment needs and we assist them technologically to deliver payment solutions in an agile, reliable, and secure method to fulfil their customer needs,” said Ambar Sur, Founder and CEO of TerraPay.

The partnership is also part of Visa’s global strategy to open up Visa’s network and support a broad range of players. Who keen to develop new commerce experiences, and transitioning to digital channels.

“Partnerships are fundamental to Visa’s business model. We look forward to collaborating with TerraPay to drive seamless and interoperable financial services. And products to push much desired financial inclusion in our communities. Interoperability is key to a digitally connected payments ecosystem. And we are excited that TerraPay is part of our growing Fintech Fast Track program as we work together to connect more communities with these solutions.”

 

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