Tagged: terrapay

April 18, 2025 @ 9:18 am By Tony Zerucha  |  

PayPal (NASDAQ:PYPL) has announced a strategic partnership with TerraPay, a global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by connecting banks, mobile wallets, and financial institutions. According to… Read More

October 12, 2024 @ 6:24 pm By Michael Wong  |  

Fabrick, an Italian Open Finance operating company, has announced a strategic partnership with TerraPay, a global payments infrastructure firm, to enhance its geographical footprint and payment solutions. Initially focusing on the Italian market, the collaboration aims to offer businesses a unified platform that streamlines payment… Read More

September 19, 2024 @ 8:56 am By Omar Faridi  |  

Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay, a global money movement company. This collaboration will bring digital payment solutions and data capabilities “to help MSB enhance efficiency and offer the best payment service experience to customers… Read More

August 21, 2024 @ 10:28 am By Omar Faridi  |  

TerraPay, a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions. Together, these operators serve millions of wallet users, “spanning regions… Read More

April 29, 2024 @ 1:55 pm By JD Alois  |  

TerraPay and VM Money Transfer Services (VMTS) have partnered to offer services in Jamaica. According to a company release, the two firms will enable transfers for individuals looking to move money between Jamaica and much of the rest of the world. This new agreement means… Read More

March 13, 2024 @ 10:01 pm By Omar Faridi  |  

In a significant development for the remittance sector, TerraPay, a global cross-border payments network, has announced a partnership with Alfardan Exchange. Based in Qatar, Alfardan Exchange provides exchange services as well as commodities like gold and coins. This collaboration aims to leverage TerraPay’s advanced digital… Read More

August 20, 2023 @ 10:06 pm By Omar Faridi  |  

TerraPay, a 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.”… Read More

August 12, 2023 @ 11:18 am By Omar Faridi  |  

TerraPay, a 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 coveted approval from MAS,… Read More

April 6, 2023 @ 9:00 am By Omar Faridi  |  

TerraPay, a 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 investment round was “led by IFC and supported by Prime Ventures, Partech Africa, U.S. International Development Finance Corporation… Read More

September 10, 2022 @ 5:20 pm By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has announced its partnership with Zai, the global financial technology company delivering embedded finance orchestration solutions. Together, TerraPay and Zai aim “to strengthen and unify the global payments ecosystem in Australia, by offering a seamless cross border payments experience… Read More

March 1, 2022 @ 3:27 pm By Tony Zerucha  |  

Paysend, a provider of card-to-card and international payments services, today announced the expansion of its cross-border money transfer services to Colombia with MOVii, a mobile wallet service in Colombia. Using global payments infrastructure company Terrapay, Paysend will enable U.S. and European customers to send money via MOVii mobile… Read More

December 15, 2020 @ 8:52 pm By Omar Faridi  |  

The Fintech sector has been growing rapidly across the globe, especially following the COVID-19 outbreak which has accelerated the shift towards digital financial services. Although the Coronavirus crisis has negatively impacted certain business sectors in Europe like travel and the hospitality industry, the European Fintech… Read More

November 2, 2020 @ 7:42 am By Omar Faridi  |  

Netherlands-based TerraPay, a cross-border payments infrastructure developer, has hired Ritesh Pai to serve as the company’s senior vice president for product and payment solutions. TerraPay claims that it’s a leader in offering seamless and secure cross-border real-time payments via “digital interoperability” across different financial instruments including… Read More

June 24, 2020 @ 9:25 am By Samantha Hurst  |  

Visa Inc. (NYSE: V) announced on Wednesday it has formed a new partnership with TerraPay, a global payments infrastructure company, for the development and delivery of payment solutions in an effort to drive financial inclusion and cashless transactions for domestic payments and global remittances. The… Read More

March 8, 2020 @ 12:15 pm By Omar Faridi  |  

Netherlands-based TerraPay, an international payments infrastructure developer, recently confirmed that it was acquired by investors Prime Ventures and Partech Africa, and its management. The exact amount involved in the acquisition has not been shared publicly. These same group of investors, and IFC, a third investor,… Read More