TerraPay, a global payments infrastructure company, and Visa inked a strategic partnership to develop and deliver payment solutions that drive financial inclusion and cashless transactions for domestic payments and global remittances.
The collaboration aims to develop and offer solutions to drive repeat consumption of the mobile wallets and digital currency for digital remittances and digital payments.
“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.
“We want our partners to remain focused on their customers’ payment needs and we assist them technologically to deliver payment solutions in an agile, reliable, and secure method to fulfill their customer needs,” Ambar added.
As a B2B company, TerraPay partners with other businesses and helps them leverage its agile, secure, and scalable technology platform to enhance their customer proposition for remittances, payments, and cross border spends. TerraPay is regulated in 45+ countries around the world.
“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.”
The partnership is part of Visa’s global strategy to open up Visa’s network and support a broad range of players that are developing new commerce experiences, and transitioning to digital channels.
