Fintech TerraPay raises $9.6 million from Prime Ventures, IFC, and Partech Amsterdam, the Netherlands, March 03, 2020: TerraPay announced today that a consortium of investors, including Prime Ventures, Partech Africa and management acquired the company for an undisclosed sum. In addition, the same investors, joined by IFC, invested $9.6 million... read more →
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... read more →
Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, announces an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America. TerraPay’s... read more →
London, UK – 11th July 2018: GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a strategic partnership agreement that will strengthen the remittances ecosystem in CEMAC region. The partnership will enable instant cross border money transfer to bank... read more →
Finextra covered TerraPay's ADLA3 license in this story. This makes TerraPay the 5th company to be licensed as a category three Authorised Dealer in Foreign Exchange with limited authority, also known as ADLA 3, to conduct low value international money transfers in the country.
TechZim today covered TerraPay's acquisition of a ADLA3 license in South Africa, in this story. It’s a big deal because TerraPay is not a regular remittances company in the mold of the players in the market today (Western Union, WorldRemit, Cassava Remit, Mukuru, Mama Money, Hello Paisa and others). TerraPay doesn’t... read more →
London, UK – 05, September 2017: TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. This makes TerraPay the 5th company to be licensed as a category three Authorised... read more →
Frost & Sullivan honoured recipients of its 2017 Growth, Innovation & Leadership Awards at a banquet on, August 17th, in Cape Town, South Africa at The Table Bay Hotel. The event brought together top leaders and innovators to celebrate their success. TerraPay was awarded with 2017 Sub-Saharan African International Remittances... read more →
Migrants across the globe can send money to all major mobile wallets in Tanzania, Uganda and all mobile numbers in Nigeria. Dubai, August 22, 2017: TerraPay, the world’s first mobile payments switch and Instant Cash, one of the fastest growing money transfer companies in the world, have teamed up to... read more →
Business Daily Africa carried a story detailing TerraPay's investment plans in East Africa.