Wall Street Exchange taps TerraPay to boost cross-border payments

By Gloria Methri

Wall Street Exchange (WSE) has signed a partnership with TerraPay to drive efficiency, reliability, and affordability in international money transfers and promote financial inclusion. This collaboration is set to expand WSE’s payment channels via TerraPay’s network, making cross-border payments more affordable and enabling underserved communities with seamless access to financial services.

WSE’s collaboration with TerraPay enhances financial accessibility for individuals and businesses, especially those who rely on cross-border payments to support family members, pay for services or conduct business internationally. TerraPay’s network of 144+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards also helps WSE streamline international transfers, making them more cost-effective.

Malaz Mubaid, Acting CEO of Wall Street Exchange, said, “Our partnership with TerraPay underscores our focus on making cross-border payments more accessible and responsive to the needs of our diverse customer base. By integrating TerraPay’s advanced platform with our systems, we can enhance our offerings and streamline international transfers, providing individuals and businesses with a more efficient and reliable experience. This collaboration is a strategic step in advancing financial inclusivity and adapting to the shifting expectations within the remittance landscape.”

Sudhesh Giriyan, President and Global Head of Remittances at TerraPay, added, “By integrating TerraPay’s robust global remittance network with WSE’s services, we are enabling faster, more affordable, and seamless international money transfers for millions of people. This partnership reflects our shared commitment to improving financial accessibility and empowering underserved communities, helping bridge the gap in the global remittance landscape.”

TerraPay’s global remittance network and advanced technology enable WSE to expand its footprint to new destinations and elevate the speed and reliability of its services, all while offering competitive prices.