Apr 01

Ambar Sur writes for Remittances Gateway

The future of remittances is digital

by Ambar Sur, Founder & CEO, TerraPay

The remittance industry is being digitally remastered. A growing base of customers comfortable with using mobile devices, increasing competition from new entrants and margin pressures due to a growing global consensus on lowering remittance transaction fees is creating an impetus for the shift. Incumbent service providers are embracing “digital” to complement their existent services network whilst new entrants such as TerraPay are focusing on a pure “mobile” strategy to connect better with users and create greater business value. Read on