In pursuit of the commitment to foster financial empowerment, financial independence and inclusivity across the world, TerraPay, the global payments infrastructure company, announces its entry into South Sudan in partnership with mGurush, South Sudan's pioneer mobile money platform. South Sudanese diaspora residents living in countries such as the USA, Canada, UK and Australia will now be able to send real-time digital cross-border remittances and money transfers to their friends and families in South Sudan, through wallet payouts.
TerraPay is a licensed digital payments infrastructure and solutions provider dedicated to building global payment highways, sans borders. TerraPay’s entry into the emerging remittances market in South Sudan corroborates with this very vision.
Speaking on this new partnership, Willie Kanyeki, Regional Director, East and Southern Africa, TerraPay stated that “TerraPay’s state-of-the-art interoperability platform allows partners to be globally connected to the company’s wide network of 4Bn+ banks and 1.5Bn mobile wallets, thereby expanding and deepening their customer reach. The African region is one of the most critical emerging markets with tremendous untapped potential and the remittances segment is no exception. With TerraPay’s entry, immigrants from South Sudan across key regions such as the USA, Canada, Europe and Australia, will be able to send money back home to South Sudan instantly, with ease and safety."
“TerraPay’s announcement comes at a time when digital cross-border money transfer services are being advocated by various governments as a way to contain the spread of COVID-19. Announcing the partnership, Joseph Arinaitwe, Vice President, mGurush said “TerraPay has been proving its mettle and caliber time and again to seamlessly enable digital cross-border transactions globally through its industry benchmark interoperable technology platform. This partnership will further spur socio-economic development in the fast-growing economy of South Sudan and digitally connect our region with major remittance corridors such as USA, Canada, Europe and Australia that historically have large numbers of South Sudanese diaspora residents eager to send funds to South Sudan via a convenient and affordable route.”
TerraPay is a licensed digital payments infrastructure and solutions provider, paving the global payments highway. The company’s robust foundation and innovative platform technology serve as the digital interoperability engine enabling customers and businesses globally to send and receive payments on a secure, transparent, efficient, and real-time basis. The agile network supports diverse payment instruments and types of payments while adhering to complex regulations and compliance standards in different markets.
mGURUSH is South Sudan's leading mobile money platform that provides a fast, safe and easy way to send & receive money, pay for goods and services, as well as pay bills right from your mobile phone. m-GURUSH is also the only payment platform in South Sudan that allows flexible and convenient bulk payment options to facilitate the dynamic South Sudan business and non-profit environment.
For more information, please visit www.mgurush.com