Expansion into Bank Accounts payments would allow TerraPay to facilitate speedy money transfers and cross border transmittals
One of the leading global payments infrastructure companies- TerraPay has declared its expansion into Bank Account payments in the markets of Canada and the United States in an attempt to realize digital cross country payments and swift money transfers to sources from key corridors worldwide.
According to reliable reports, TerraPay users in these countries and continents who currently have conventional access to bank transfers directly to the US and Canada, would now be able to receive and send remittances more effectively and at global best practice rates directly to their bank accounts via the platform’s partner networks.
Moreover, the company’s state-of-the-art interoperability engine would allow its partner’s consumers to carry out transactions on a secure, scalable, efficient, and transparent platform, along with a guaranteed same day credit notification; all at a nominal validation.
It would be essential to mention that with this novel announcement, TerraPay’s global footprint reaches 70 economies.
Reacting on the recent accomplishment, Co-Founder and Chief Business Officer, Ani Sane, mentioned that the firm is pleased to announce its debut into bank account payments in two of the crucial economies, US and Canada, expanding its reach to 70 countries.
He added that by enabling same day global money transfers and cross border payments, TerraPay seeks to offer an edge to its partner’s customers. Furthermore, the firm is looking forward to flagging these two new countries on the company’s payments highway.
Meanwhile, Philip Daniel, Regional Director at TerraPay, stated that the company’s Bank Account payments solutions enables B2B and P2P fund transfers on the same day compared to current 2-3 days delivery as with conventional banking channels.
Besides, TerraPay’s partners and end consumers are expected to leverage huge benefits from higher cost efficiencies and increased revenues, revolutionizing the future of effective digital money transfers.
For the record, TerraPay has established itself as a global partner to money transfer operators, leading banks, financial institutions, wallet operators, and leading banks.
Source Credit: https://www.prnewswire.com/news-releases/terrapay-forays-into-bank-account-payments-in-the-usa-and-canada-to-facilitate-same-day-international-money-transfers-and-cross-border-remittances-301242060.html