- TerraPay and Visa have announced their partnership to improve and deliver innovative financial solutions.
- Terrapay is an online digital asset transaction platform which can provide very fast cross border transactions for mobile wallets as well as bank accounts.
- TerraPay’s leading investors are Prime Ventures, Partech Partners, and International Financial Corporations.
Recently, TerraPay and Visa have announced their partnership to improve and deliver innovative financial solutions such as cashless transactions and global remittances. The collaboration has the motive to solve issues like the factors that lead to the repeat consumption of mobile wallets and the use of digital currencies for transactions as well as transferring money overseas.
Terrapay is an online digital asset transaction platform which can provide very fast cross border transactions for mobile wallets as well as bank accounts. It was founded in 2015 by Ambar Sur, it’s current CEO and many others. TerraPay’s main investors are Prime Ventures, Partech Partners, and International Financial Corporations. The best part of TerraPay is that it is interoperable and allows its clients to send and receive payments across a variety of payment instruments, platforms, and regions.
CEO Says That This Partnership Aimed to Develop Sustainable And Scalable Financial Solutions
Ambar Sur, as mentioned above, he is the CEO of TerraPay. He said that the partnership between TerraPay and Visa is a big achievement. This is a next step towards the development of sustainable and scalable interoperable financial solutions and delivering the best to their partners and the clients. He further added that he wants his partners to focus on their customer’s financial requirements solely. They will help them in all ways to provide solutions to the issues in an easier, secured, and trustable method.
Visa Aims To Expand Their Network And Support
Visa, on the other hand, is an American multinational company that imparts premium financial services. It provides an easy and rapid transfer of payment through its patented Visa credit card, debit cards, and prepaid cards. Most of us, most of me wondering what this partnership means for this giant? Visa strategy is obviously to expand its network and support a wide variety of companies that are still in their developing phase and are slowly transitioning into well established digital channels.
The Vice President and Head of Strategic Partnerships, Fintechs, and Ventures at CEMEA at Visa, Otto Williams, said that partnerships are very significant when it comes to a big multinational company like Visa. He added that the collaboration with TerraPay to give the interoperable financial services and products an extra edge towards their desired financial goals. He concluded by saying that interoperability is a key feature in the digital payments ecosystem and that they are very excited that Terrapay is a part of their FinTech Fast Track program.
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