Media Year: 2023

Expatriate Bangladeshis around the world can now experience the ease of sending money as Nagad Limited, a leading mobile financial service provider in Bangladesh, joins forces with TerraPay, a global payments network, to revolutionize the landscape of cross-border remittances. This exciting collaboration marks a significant milestone for the region, offering Bangladeshi expatriates a swift, affordable,… Continue reading Expatriate Bangladeshis Gain Access to Seamless Cross-Border Money Transfers with Nagad Limited and TerraPay Partnership

TerraPay, a leading global payments infrastructure company, is pleased to announce a new strategic partnership in Uganda, with Stanbic Bank, the country’s leading commercial lender by Assets, Customer deposits and Income, as of December 31, 2022. The partnership will revolutionize cross-border payments, providing customers with faster, more convenient, and cost-effective solutions for global money movement.… Continue reading TerraPay, Stanbic Uganda Partner to Enhance Cross-Border Payments

TerraPay, a leading global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set to expand its operations within the country and subsequently, throughout the European Union. Under Article 114-quinquies Consolidated Banking Act (TUB), the Bank… Continue reading TerraPay Group Expands Business Operations in Italy and Sets Sights on European Union

TerraPay, a leading global payments infrastructure company, has secured an In-Principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant step towards being a payments company with the most regulatory approvals. With this approval from MAS, TerraPay’s customers and leading global enterprises will be able to… Continue reading TerraPay receives In-Principle approval for an MPI license from the Monetary Authority of Singapore (MAS)

TerraPay, a leading global payments infrastructure company, United Bank of Africa Senegal (UBA Senegal) and Wave Digital Finance (Wave), the first non-telco, non-bank EMI licence holder in Senegal, the westernmost part of Africa, have announced a strategic partnership to offer real-time transactions to Wave mobile wallets using money transfer services like Western Union, Ria, Moneygram,… Continue reading United Bank of Africa Senegal, TerraPay and Wave Digital Finance Join Forces to Enable the Reception of International Remittance Transfers & Enhance Financial Inclusion in Senegal

TerraPay, a leading global payments infrastructure company today announced its partnership with Safaricom, Kenya’s leading telecommunications, IT, and financial services provider. Together, both companies will usher in the benefits of financial inclusion by facilitating instant borderless payments. The partnership, through TerraPay’s group company Mobex (Kenya), a licensed money remittance provider, will enable more than 30… Continue reading TerraPay (Mobex) partners with Safaricom’s M-PESA to facilitate seamless outbound cross-border remittances

In pursuit of the commitment to foster financial empowerment, financial independence and inclusivity across the world, TerraPay, a leading global payments infrastructure company, announced its partnership with Attijariwafa bank, Morocco’s largest banking group by market capitalization, to facilitate real-time and seamless global money transfers directly to the bank accounts in Morocco. This partnership will empower… Continue reading TerraPay expands its footprint in Morocco, partners with Attijariwafa bank to facilitate cross-border payments

TerraPay, a leading global payments infrastructure company, is thrilled to announce the appointment of Juveria Samrin as its new Global Head of Marketing. With over 15 years of extensive experience in leading global marketing practices, Juveria brings a wealth of knowledge & expertise to the company’s leadership team. Throughout her career, Juveria has demonstrated exceptional… Continue reading TerraPay welcomes Juveria Samrin as Global Head of Marketing, supporting the company’s global growth strategy

TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to… Continue reading TerraPay welcomes Visa as a strategic investor and global partner as digital cross-border trade accelerates

TerraPay, a leading global payments infrastructure company, has successfully closed its Series B equity financing round, raising in excess of $100 million in equity and debt financing. The funding round was led by IFC and supported by Prime Ventures, Partech Africa, U.S. International Development Finance Corporation (DFC) and a consortium of other investors. The funding… Continue reading TerraPay, a leading global payments infrastructure company, has successfully closed its Series B equity financing round, raising in excess of $100 million in equity and debt financing.