Expanding access to global payment infrastructure for Canadian businesses and individuals, TerraPay, a global money movement company, has partnered with RemitBee, a Canadian cross-border payments platform, to strengthen international remittance and business payout capabilities across key outbound corridors spanning the United States, Asia, the Middle East and Africa.
Bringing enterprise-grade cross-border payment capabilities to small businesses, this partnership enables faster, more reliable and cost-efficient international transactions without the need for high transaction volumes. From remittances and supplier payments to freelancer compensation, remote payroll and business settlements, the collaboration expands access to global payment infrastructure traditionally available to larger enterprises.
Building Canadian Payment Infrastructure for Small Businesses
Canada represents a significant outbound cross-border payments market, supported by a large and growing small business economy. With over 90% of employer businesses classified as small businesses, the market presents substantial opportunities for financial infrastructure providers to address evolving international payment needs.
Combining RemitBee’s established presence in Canada’s small business communities with TerraPay’s global payments infrastructure, the partnership extends international payout capabilities through TerraPay’s global network, spanning over 3.7 billion digital wallets and 7.5 billion bank accounts across 156+ countries. With more than a decade of regulated operations and millions of transactions worth billions of dollars processed, RemitBee brings an established track record in cross-border payments, complemented by TerraPay’s extensive last-mile connectivity across international markets.
Manos Yoganathan, COO of RemitBee, said:
“Canadian small and medium-sized businesses often lack the transaction volumes to negotiate favorable exchange rates and face delays in cross-border payments. By partnering with TerraPay, we’re advancing our vision of making enterprise-grade payment infrastructure accessible to these businesses, expanding their reach across key global corridors and enabling seamless payments into digital wallets.”
Ralph Koker, Head of Europe and Americas, TerraPay, said:
“Canada is a high-potential cross-border payments market, but many smaller-value international transactions still move through expensive, fragmented and slower channels. That is what makes this partnership with RemitBee so relevant. By combining RemitBee’s strong local reach with TerraPay’s global payment network and digital wallet infrastructure, we are bridging the gap between domestic payment capabilities and international connectivity. This is interoperability solving a real market need, enabling businesses and individuals to access a more connected, transparent and reliable global payments ecosystem.”
According to World Bank data, personal remittances received by low- and middle-income countries reached approximately $704 billion in 2025, underscoring the scale of global remittance flows and the growing importance of resilient, inclusive and digitally connected cross-border payment infrastructure.