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BANKING AND INSURANCE

TerraPay forays into Bank Account payments in the USA and Canada to facilitate cross border remittances

TerraPay forays into Bank Account payments in the USA and Canada to facilitate cross border remittances
The Siliconreview
11 March, 2021

TerraPay, one of the leading global payment infrastructure companies, in a recent press meet, has stated that it is expanding its offerings into bank account payments in the USA and Canada markets which will help the firm facilitate digital cross-border remittances. It will offer faster money transfers to its partners and customers and its key corridors worldwide. TerraPay's primary objective is to build a digital payment highway globally that will interconnect financial solutions.

The firm aims to connect various financial sectors, including banks and mobile wallets across the world, which will inclusively nurture and empower all the financial institutes present worldwide. Users across the US and Canada will now be able to send and receive remittances more efficiently and faster at global best practice rates.

With this entry into the banking sector, TerraPay's global footprint reaches 70 countries. Its potential payment system and a user-friendly ecosystem help them to achieve a better height. The firms lending facilities will be available in business, personal, and education payments. This will help many students and migrant workers worldwide who immigrate for better education and work opportunities. They can have a hassle-free money transfer.