Latest news with #TerraPay
Yahoo
14-07-2025
- Business
- Yahoo
Blue Remit joins forces with TerraPay to enhance global payout capabilities
Blue Remit, the digital remittance subsidiary of Al Ansari Financial Services PJSC, has teamed up with TerraPay to bolster its payout . 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. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
13-07-2025
- Business
- Zawya
Blue Remit and TerraPay forge strategic alliance to expand global remittance reach
Dubai, UAE – Blue Remit, the digital remittance subsidiary of Al Ansari Financial Services PJSC, has announced a strategic partnership with TerraPay, a global money movement company, to significantly expand its payout capabilities across multiple geographies. This partnership adds new strength to both entities to complement each other. By integrating Blue Remit's digital-first platform with TerraPay's interoperable infrastructure, the alliance enables real-time payouts to bank accounts, mobile wallets, and cards globally. The result is a faster, more transparent, and compliant remittance experience for customers sending money to underserved regions. 'Expanding the accessibility and performance of our remittance corridors is at the heart of Blue Remit's growth strategy,' said Rashed A. Al Ansari, CEO of Blue Remit. 'TerraPay brings strong infrastructure, deep market coverage, and the compliance sophistication we look for in every partner.' Ani Sane, Co-Founder and Chief Business Officer at TerraPay, added, '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. This move also aligns with Blue Remit and TerraPay's common broader vision of building an inclusive remittance ecosystem. Both companies have been steadily expanding their partner network to support real-time, low-cost transfers that meet the expectations of today's digitally savvy users. About Blue Remit Blue Remit (previously known as Worldwide Cash Express), a subsidiary of the Al Ansari Financial Services PJSC, brings over 50 years of trusted expertise in financial services to the global remittance industry. As a B2B-focused Money Transfer Operator (MTO), Blue Remit partners with businesses to provide secure, swift, and reliable cross-border payment solutions. Leveraging the legacy of Al Ansari Exchange, we deliver efficient financial solutions that meet the highest standards of compliance and security in an ever-evolving global economy. About TerraPay TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 150+ receiving countries, 210+ sending countries, over 3.75 billion mobile wallets and 7.5 billion bank accounts. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant. Founded in 2014, TerraPay has built the global digital wallet interoperable network, driving financial inclusion even in the most remote markets. TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues its rapid global expansion. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Finextra
24-06-2025
- Business
- Finextra
TerraPay partners with Paramount Commerce for real-time payouts in canada
TerraPay, a global money movement company, has partnered with Paramount Commerce, Canada's leading pay by bank provider, to enable real-time payouts to Canadian bank accounts via Interac e-Transfer for Business. 0 This partnership marks a significant milestone in enhancing international remittance capabilities, providing faster, more cost-effective, and transparent transactions for TerraPay's customers. Through this collaboration, TerraPay's global network of money transfer operators can now facilitate seamless, real-time payments to recipients in Canada. The Canadian payments landscape is evolving rapidly, driven by API-powered innovation that enhances interoperability and integrates cross-border payments into financial services. Paramount's payout solution leverages a 24/7 real-time payment infrastructure, enabling individuals to receive funds within seconds—eliminating the delays and inefficiencies of traditional batch payouts. 'Canada's growing fintech sector and digital banking adoption create opportunities for new payment solutions and partnerships. Our partnership with Paramount Commerce allows us to offer a best-in-class solution for money transfer operators and their customers,' said Hassan Chatila, Vice President - Global Head of Network, at TerraPay. 'By utilizing Paramount Commerce's real-time payout capabilities, we are setting a new standard for cost efficiency, speed, and transparency in international money transfers to Canada.' 'Our collaboration with TerraPay underscores our commitment to driving innovation in international remittance payments,' said Sereena Boparai, Chief Revenue Officer at Paramount Commerce. 'With our robust payment infrastructure and real-time payments, we are enabling a more seamless and transparent payment experience for customers sending and receiving money in Canada.' This partnership is expected to expand beyond remittances, with future phases targeting payments in sectors such as payroll, travel, and digital content.
Finextra
11-06-2025
- Business
- Finextra
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. 0 =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.
Finextra
04-06-2025
- Business
- Finextra
TerraPay secures Class B License from Bank Negara Malaysia
TerraPay, a global leader in digital cross-border payments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). 0 This development marks a pivotal step in TerraPay's expansion across Southeast Asia, reinforcing its commitment to enabling secure, real-time, and compliant cross-border payment solutions in one of the region's most dynamic financial hubs. Malaysia stands as one of the largest cross-border remittance and trade corridors in the Asia-Pacific region. With the new license, TerraPay is now well-positioned to support the country's growing demand for efficient and transparent cross-border financial services. The license enables TerraPay to directly partner with Malaysian banks, licensed payment institutions, and enterprises to facilitate seamless inbound and outbound remittances, B2B payments, and wallet payouts. It also empowers TerraPay to deepen its collaboration with local financial institutions and fintechs, offering them access to its robust, interoperable, and API-driven payment infrastructure. This will enable partners to scale their cross-border offerings with confidence, while ensuring compliance with Malaysia's regulatory standards. "This license reinforces TerraPay's commitment to building a seamless and compliant payments ecosystem across APAC. Malaysia is a key market, and we are excited to deepen partnerships that drive financial inclusion and innovation,' said Ambar Sur, Founder & CEO of TerraPay. Sukesh Malliah, Vice President (APAC) at TerraPay said, 'Securing the Class B license from Bank Negara Malaysia is a proud milestone in TerraPay's APAC journey. Malaysia is a strategic market with immense potential for cross-border remittances and trade. This license empowers us to directly collaborate with local banks and financial institutions, delivering real-time, secure, and compliant payment solutions. We remain committed to driving financial inclusion and innovation across the region, while enabling our partners to scale confidently across borders.' Aligned with Malaysia's digital financial inclusion goals, TerraPay's infrastructure is designed to be future-ready, supporting real-time transactions, enhancing customer experience, and promoting financial access for underserved communities. The company's technology-first approach ensures that partners can integrate quickly and scale efficiently. As a licensed entity under BNM, TerraPay reaffirms its dedication to upholding the highest standards of compliance, customer protection, and innovation. This milestone further strengthens TerraPay's global regulatory footprint and underscores its mission to simplify global payments for everyone, everywhere.
