TerraPay and Beyon Money partner to boost outward remittances from Bahrain

By Leandra Monteiro

TerraPay, a global payments infrastructure company, announced its partnership with Beyon Money part of the Beyon Group and the first financial super app in Bahrain.

As part of the partnership, the companies will enable a large addressable remitters market in Bahrain to transact across all key corridors enabling customers with a swift, secure and affordable network for real-time pay-outs. Customers will be able to make instant pay-outs from Bahrain to all key corridors including India, Bangladesh, Pakistan, Nepal, Sri Lanka, Philippines, Kenya, Uganda, Cameroon, Ghana, Thailand & Indonesia.

As the digital remittance market continues to grow in the Middle East region, TerraPay empowers businesses with innovative and simplified payment solutions to bring the world closer and on the other hand Beyon Money is propelling the region’s digital transformation by addressing access, reliability, and affordability needs to enable more customers to make secured and swift instant transactions.

Commenting on the partnership Ram Sundaram, Co-Founder & COO, TerraPay said, “It gives us immense pride in announcing our partnership with Beyon Money, which is one of the most reliable financial partners in Bahrain. Our advanced payments system is designed to make digital transactions seamless, transparent & affordable which is also at the core of Beyon Money. Together, we will make digital transactions more secure and faster for Bahrain remitters & customers. This association will further enhance interconnectivity, interoperability, and financial integration between domestic and cross-border digital payments.”

Roberto Mancone, CEO, Beyon Money said, “We are delighted to collaborate with TerraPay to enable acceptance of real-time payments across our well entrenched network in Bahrain. Our partnership will allow money to move into the region with TerraPay’s unique technology platform, with interoperability at its core, backed by our strong customer network, which can facilitate easy and quick adoption of mobile wallets across the region, serving consumers seeking secure contactless payments options.”