TerraPay partners with SendMN for cross-border payments

Wednesday 20 July 2022 15:16 CET | News

Netherlands-based global payments infrastructure company TerraPay has partnered with Mongolia-based money transmitter and financial institution SendMN

Through this partnership, both companies want to simplify the complexity of cross-border payment transactions. The partners’ aim to improve the way Mongolians receive and send real-time payments. Mongolian customers will be able to receive remittances from major corridors like UK, USA, Austria, Belgium, Czech Republic, France, Germany, Kazakhstan, Poland, Sweden, and Switzerland and also access major sending corridors like Australia, Canada, China, Denmark, Japan, and the USA.

The collaboration will facilitate P2P, P2B, B2P, and B2B transactions enabling diaspora residents to make low-cost, real-time transactions to beneficiaries in Mongolia. According to a TerraPay representative, this partnership will enable the payments infrastructure company to deploy its technical solutions globally and offer Mongolian residents around the world cross-border payment options.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, cross-border payments, payment processing, B2B payments, remittance, money remittance
Categories: Payments & Commerce
Companies: SendMN, TerraPay
Countries: Mongolia, Netherlands
This article is part of category

Payments & Commerce




Discover all the Company news on SendMN and other articles related to SendMN in The Paypers News, Reports, and insights on the payments and fintech industry: