TerraPay taps ACE Money Transfer to boost global remittances

By Gloria Methri

TerraPay has partnered with ACE Money Transfer to enhance global payouts and enable seamless transactions across borders. Leveraging ACE’s experience in the remittance domain, TerraPay will enhance the end-user experience to solve the complex challenges facing cross-border transactions.

Rehan Ashraf, Team Lead, Relationship & Development Department at ACE Money Transfer, said, “This partnership between ACE Money Transfer and TerraPay represents a significant step forward for the remittance industry. By combining our strengths and expertise, we can unlock new possibilities for innovation and create a more seamless and efficient experience for users sending money across borders.”

A pioneer in the industry, ACE Money Transfer has a track record of processing $1 billion in remittances in 2022 and GBP 1 billion in 2023.

Miller Rodriguez, Senior Country Manager – UK and Europe at TerraPay, said, “We are thrilled to embark on this new journey with ACE Money Transfer. This partnership underscores TerraPay’s dedication to harnessing cutting-edge technology to deliver seamless payment solutions. By joining forces with ACE, a veteran in the remittances sector, we aim to fortify our payout offerings, empowering customers with enhanced accessibility and reliability.”

Together, TerraPay and ACE Money aim to revolutionize cross-border payments, offering unparalleled convenience, including expanded payout options, competitive exchange rates, round-the-clock transaction tracking features, and accessibility to their diverse customer base.