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Blog Post
TerraPay and Bank Alfalah have announced a partnership for offering remittance payment services in Pakistan. Through this partnership, overseas Pakistanis will be able to use TerraPay's partners' network to instantly deposit money to any bank account in Pakistan. With this service, Bank Alfalah is reinforcing its commitment to facilitating overseas partners including renowned Fintechs, Money Transfer Operators, and Money Service Businesses engaged in cross-border remittances. This is in line with the Bank's strategy to enable smarter and faster ways of sending home remittances to Pakistan. TerraPay has established itself as a global Partner to leading banks, money Transfer operators, mobile Wallet Operators...
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Blog Post
Both companies will work together to drive real-time digital remittances, interoperability, financial inclusion and drive adoption of cashless payments. Netherlands, 24 June 2020 — TerraPay, a global payments infrastructure company and Visa have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances. The TerraPay and Visa global partnership is aimed to 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...
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TerraPay announced the appointment of Bassem Awada as VP - Global for Strategic Accounts and Partnerships . Focused business & strategy leader with 20+ years of experience across healthcare & financial services, Bassem has accomplished various roles pertaining to change management, digital transformation and strategic alignment to drive business growth. In TerraPay Bassem’s role will be to lead the strategic relationships to enable capabilities for money movement across multi-platform for send and receive synergies. Bassem has most recently held a leadership position at Western Union where he was responsible to drive the execution of the omni-channel strategy across part of...
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Blog Post
TerraPay announced the appointment of Rizwan Qazi as the Vice President of Payment Partnerships and Special Projects. Riz joins TerraPay from his last role as the Product Manager for Al-Futtaim Group's Cards & Payments division where he helped in transforming the payments landscape for the Al-Futtaim Group, one of the largest family owned conglomerates for retail and auto brands in the UAE. As the Head of Strategic Partnerships and Special Projects, Riz is responsible for the continued growth of TerraPay’s payments as a service business, developing TerraPay’s payments infrastructure and helping partners develop future proof payment processing agnostic to...
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Blog Post
Sri Lankan migrants worldwide can now send money instantly and 24*7 to any bank account in Sri Lanka Amsterdam and Colombo – 20th February 2018 - TerraPay has partnered with Pan Asia Bank which enables TerraPay’s network partners to make instant cross-border money transfer to all bank accounts in Sri Lanka. This means Sri Lankan migrants worldwide through TerraPay’s partner outlets/website/mobile-app can send money to their family and friends back home, instantly by transferring it to their bank account. The service is available 24X7 and even on holidays. TerraPay is a real-time, low value payments network, which connects all financial...
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Indian migrants worldwide can now send money to their family and friends back home, instantly in any bank account. New Delhi, India – 14 June, 2017 - TerraPay, the world’s first mobile payments switch, has partnered with YES BANK, India’s fourth largest private sector bank, to enable real-time international money transfers to bank accounts in India. Powered by TerraPay’s global clearing and settlement service, the partnership will make it faster and convenient for consumers to send money to any bank account. TerraPay has partnered with YES BANK in a Rupee Drawing Arrangement which enables TerraPay’s network partners to make instant cross-border money transfer to bank accounts in India. This means that Indian migrants worldwide can walk into...
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Blog Post
Initial service rollout includes remittances to all mobile wallets in Tanzania and all mobile numbers in Nigeria Dubai, UAE - July 11, 2017: Xpress Money, one of the world’s most dependable money transfer brands has partnered with TerraPay, the world’s first mobile payments switch, to enable real-time international money transfers to mobile wallets in Africa. Powered by TerraPay’s global clearing and settlement service for mobile wallets, the partnership will make it faster and convenient for Xpress Money consumers to send money to mobile accounts, in real time. Through Xpress Money’s extensive network of over 200,000 agent locations in 165 countries, migrants across the globe will be able...
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We were preparing for our first board meeting with our new shareholders on May 1. A couple of days before that, on April 22 the World Bank released its scathing report - World Bank Predicts Sharpest Decline of Remittances in Recent History. And being the conscientious, responsible management that we were, we didn’t want to blow the first year with the shareholders. Surely, if the World Bank thought remittances were going to drop 20%, the IFC would believe the same. We decided to reforecast the budget. We dropped our expected revenues, after careful analysis of corridors and partners, and arrived...
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In a welcome move, and against worldwide news of salary cuts and retrenchments, TerraPay today announced the recruitments of six senior level positions across North America, East Africa, Middle East and Asia, showing the company is very well placed to combat the challenges posed during the current world crisis caused by the Covid-19 pandemic. TerraPay, backed by Prime Ventures, Partech and IFC has been setting up digital payments infrastructure across the globe since 2015. The same investors invested $9.6 million in the Netherlands based company in March this year. This has put TerraPay in a good position to continue to help...
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Blog Post
TerraPay announced the appointment of Philip Daniel as the Regional Director for North America. Philip joins TerraPay from his last role as the CEO for Instant Cash which is one of the biggest money transfer operators in the Middle East. In his last role, which was based in Dubai, Philip led Instant Cash’s exponential growth from the period 2016-2020, leading the company to be one of the fastest growing MTO serving customers and partners in more than 100 countries. He brings in a rich experience of the payments space having previously worked in Ding & UAE Exchange in the UAE....
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