TerraPay unites with Whalet on cross-border payments
TerraPay, a global money movement company has announced a strategic partnership with Whalet, a leading smart payment provider, to enable seamless cross-border payouts across the globe.
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=This collaboration aims to enhance payment efficiency for Whalet's core customer base; cross-border sellers from Asia-Pacific region, helping them navigate international financial transactions with ease.
Whalet supports SMEs by providing global payment solutions, including one-click store setup, pay-ins, payouts, global accounts, currency exchange, and card issuance. With payment licenses in Singapore, the U.S., and Hong Kong SAR, Whalet ensures compliance and cost-effective financial operations for businesses expanding into global markets.
'Partnering with TerraPay strengthens our ability to offer reliable payouts for cross-border trade enterprises and e-commerce marketplace sellers,' said Nicholas Liao, Founder & CEO, Whalet. 'This collaboration ensures our customers can efficiently manage transactions while optimizing financial processes worldwide.'
TerraPay will enable Whalet to scale its payout capabilities, helping businesses access secure and compliant payment corridors across multiple corridors. By integrating TerraPay's technology, Whalet can streamline transactions, reducing settlement complexities and operational inefficiencies.
'This partnership enhances global payouts, ensuring businesses can move funds effortlessly,' said Sukesh Malliah, Vice President - IMT (APAC), TerraPay. 'By working with Whalet, we're enabling a more accessible and efficient payout experience for SMEs and marketplace sellers, empowering businesses to operate seamlessly across multiple regions.'
Global payment interoperability is essential for businesses expanding internationally, with digital wallets playing a growing role in simplifying cross-border transactions. Research indicates a surge in demand for scalable, multi-rail payment solutions that support diverse financial ecosystems.
With an increasing need for frictionless transactions, this partnership ensures businesses can access reliable payout networks tailored to their expansion needs. TerraPay and Whalet are committed to building a global financial ecosystem that supports SMEs in their growth journey.
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