The expansion aims to facilitate digital cross border remittances and money transfers to senders from key corridors around the globe. The company’s objective is to build global digital payment highways that interconnect financial institutions such as banks and mobile wallets across the world.
Users who currently have traditional access to bank transfers into the USA and Canada, will now be able to send and receive remittances directly into their bank accounts through TerraPay's partner networks. With this entry, TerraPay's global footprint reaches 70 countries.
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