A new partnership between TerraPay and Visa
Terrapay, a global payments infrastructure that enables companies' customers to send money quickly, safely and affordably has announced a strategic partnership with Visa. The partnership will facilitate the development and delivery of payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances. The aim is to create and enhance solutions to drive repeat consumption of the mobile wallets and digital currency for digital payments and remittances.
TerraPay is the world’s first mobile payments switch - a B2B transaction processing, clearing and settlement service for mobile wallets. Its best-in-class technology serves as the interoperability engine that enables their partners' customers to send and receive real-time transactions across diverse payment instruments, platforms and regions. TerraPay is regulated in over 45 countries worldwide.
“We at TerraPay view the Visa partnership as a next step towards the development of sustainable and scalable interoperable payment options for our Partners and their consumers’ payment requirements” said Ambar Sur, Founder and CEO of TerraPay.
“Partnerships are fundamental to Visa’s business model and we look forward to collaborating with TerraPay to drive seamless and interoperable financial services and products to push much desired financial inclusion in our communities,,” said Otto Williams, Vice President and Head of Strategic Partnerships, Fintechs and Ventures in CEMEA at Visa. “Interoperability is key to a digitally connected payments ecosystem and we are excited that TerraPay is part of our growing Fintech Fast Track program as we work together to connect more communities with these solutions.”
Learn more on TerraPay's website.