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Magnati collaborates with TerraPay to revolutionise cross-border payments

Magnati, a leading payments company in the Middle East, is empowering merchants by adding a new payment method to its product suite in collaboration with TerraPay, a leading global cross-border payments network, with an expansive reach across 7.5Bn+ bank accounts, 2.1Bn+ mobile wallets and 29 global licenses and regulatory approvals. This integration allows many African… Continue reading Magnati collaborates with TerraPay to revolutionise cross-border payments

TerraPay and Papara Join Forces to Revolutionize Turkish Cross-Border Payments

TerraPay, a leading cross-border payments network, and Papara, a leading fintech company in Turkey, have announced a ground-breaking partnership aimed at reshaping the landscape of global money movement. With this strategic alliance, TerraPay and Papara are set to provide nearly 17 million Papara wallet users with a secure, simple, and seamless way to transfer money… Continue reading TerraPay and Papara Join Forces to Revolutionize Turkish Cross-Border Payments

TerraPay named to the 2023 CB Insights’ Fintech 100 List – recognized for achievements in Cross-Border Payments

CB Insights has named TerraPay to its sixth-annual Fintech 100 ranking (previously the Fintech 250) – showcasing the 100 most promising private fintech companies of 2023. “Representing 24 different countries across the globe, this year’s Fintech 100 is shaping the future of real-time payments, spend management automation, embedded finance, and more” said Chris Bendtsen, Lead… Continue reading TerraPay named to the 2023 CB Insights’ Fintech 100 List – recognized for achievements in Cross-Border Payments

Bancolombia and TerraPay sign contract to strengthen cross-border remittances across Colombia

TerraPay, a leading global payments network and Bancolombia, Colombia’s largest player of remittances announced the signing of their contract. As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers, connecting Colombians living away from home with secure, innovative, real-time solutions to send funds to their loved ones… Continue reading Bancolombia and TerraPay sign contract to strengthen cross-border remittances across Colombia

TerraPay is a Platinum Winner for the Best Cross-Border Payments Platform in the Juniper Research: Future Digital Awards

Juniper Research announced the 2023 winners of the Future Digital Awards for Fintech & Payments. And TerraPay wins the Platinum award for the Best Cross-Border Payments Platform. These awards follow a record-breaking number of applications from leading fintechs and payments companies, which have been extensively analysed by their expert judging panel. This awards programme recognises… Continue reading TerraPay is a Platinum Winner for the Best Cross-Border Payments Platform in the Juniper Research: Future Digital Awards

TerraPay Group Expands Business Operations in Italy and Sets Sights on European Union

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 receives In-Principle approval for an MPI license from the Monetary Authority of Singapore (MAS)

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)

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, 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 welcomes Juveria Samrin as Global Head of Marketing, supporting the company’s global growth strategy

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, has successfully closed its Series B equity financing round, raising in excess of $100 million in equity and debt financing.

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.