TerraPay expands into Bank Account payments in the USA & Canada

By Pavithra R

TerraPay, a global payments infrastructure company, has announced its expansion into Bank Account payments in the USA and Canada markets to facilitate digital cross border remittances and speedy money transfers to senders from key corridors worldwide.

The USA and Canada markets have a larger potential payments ecosystem, including significant Business, Personal, and Education payment requirements. TerraPay’s objective is to build global digital payment highways that interconnect FIs such as Banks and Mobile Wallets across the world, nurturing inclusivity, independence and empowerment to all in the global ecosystem.

“We are proud to announce our expansion into bank account payments in the USA and Canada, expanding our reach to 70 countries, globally. By facilitating same-day international money transfers and cross border remittances, we will offer an edge to our partners’ customers. The USA and Canada are one of the biggest cashless economies globally, which gives us the right opportunity to scale up our operations going forward. We look forward to paving these two new destinations on our global payments highway,” said Ani Sane, Co-founder and Chief Business Officer, TerraPay.

Users across these countries and continents who currently have traditional access to bank transfers directly into the USA and Canada will now be able to send and receive remittances seamlessly at global best practice rates straight into their bank accounts through TerraPay’s partner networks. 

With TerraPay’s expansion into these cashless economies, individuals and businesses across the globe who have to make a small, mid-size or large payment to the USA or Canada can do so through its well-entrenched global partner network of 4 Bn+ Banks and 500 Mn+ Mobile Wallets. Its state-of-the-art interoperability engine will enable it’s partners’ customers to send and receive payments on a scalable, secure, transparent, and efficient platform and with an assured same-day credit notification.

Founded in 2015, TerraPay provides cross border real-time and builds regional and domestic real-time payments infrastructure connecting mobile wallets and bank accounts payments as a service. The FinTech is a licensed digital payments infrastructure and solutions company helping connect diverse payment systems to move funds in real-time. With this entry, TerraPay’s global footprint reaches 70 countries.