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TerraPay & Small World Money Transfer to boost mobile wallet services in Senegal

By Delisha Fernandes

December 04, 2023

  • Africa
  • Bangladesh
  • Cross Border Payments
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TerraPay, Safaricom, M-pesa, Africa, Kenya, London, India, Nepal, Bangladesh, Pakistan, Southeast Asia, Cross border Payments, Mobile payments, Digital transactionsTerraPay, a cross-border payments network, has announced a strategic partnership with Small World Money Transfer, a provider of cross-border money transfer services for consumers and businesses.

This collaboration aims to redefine mobile wallet services across Senegal, ensuring that Wave Wallet account holders can directly receive remittances into their wallets via instant bank transfers from the EU and UK , using Small World Money Transfer.

“We are stoked to join forces with Small World Money Transfer,” said Miller Rodriguez, Strategic Relationship and Sales Manager, Europe – UK, TerraPay. “This partnership is another step to strengthen our continuous efforts towards simplifying cross-border remittances. Together, we are able to make money transfers more accessible, user-friendly, and seamless for the people of Senegal, connecting them to their friends and family across the world. Tapping into the growing popularity of mobile wallets in the region, we are committed to enhancing the cross-border payments landscape while boosting financial inclusion.”

This partnership not only aligns with TerraPay’s commitment to driving global financial inclusion but also helps extend the company’s reach and capabilities, with a particular focus on the Senegalese market. The integration of Small World Money Transfer into the TerraPay network ensures customers in Senegal can experience seamless and instant money transfers directly to their Wave Wallet accounts without any additional challenges and complexities.

Stanley Wachs, Managing Director, Northern EuropeAfrica & Asia at Small World Money Transfer, said, “We are delighted to announce that Small World Money Transfer is now available on all major mobile wallet services in Senegal with the latest addition of WAVE mobile wallet through TerraPay.”

This partnership announcement comes at a crucial time when the demand for efficient cross-border payment solutions is rapidly rising. It addresses this growing need by introducing a simple yet transformative solution, providing customers with more options and greater convenience in sending money.

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