Blue Remit joins forces with TerraPay to enhance global payout capabilities
By combining Blue Remit's digital platform with TerraPay's interconnected payment system, the partnership will facilitate instant transfers to bank accounts, mobile wallets, and cards worldwide.
Blue Remit CEO Rashed A. Al Ansari said: 'Expanding the accessibility and performance of our remittance corridors is at the heart of Blue Remit's growth strategy. TerraPay brings strong infrastructure, deep market coverage, and the compliance sophistication we look for in every partner.'
Blue Remit, previously known as Worldwide Cash Express, draws on more than 50 years of financial services experience under Al Ansari Financial Services PJSC. As a B2B-oriented money transfer operator (MTO), it provides solutions for cross-border transactions.
TerraPay streamlines global payments through a single connection to networks regulated in over 30 markets, supporting transfers to more than 150 receiving countries and 210 sending countries.
TerraPay co-founder and chief business officer Ani Sane stated: 'Our mission has always been to simplify and accelerate global money movement. Partnering with Blue Remit allows us to extend this capability to a broader customer base, ensuring fast, transparent, and compliant remittances – especially to markets where speed and reliability matter most.
In May, TerraPay partnered with Wave Mobile Money to facilitate cross-border remittances for Malians, enabling them to receive international funds directly into their Wave mobile wallets.
"Blue Remit joins forces with TerraPay to enhance global payout capabilities " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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