This collaboration aims to leverage TerraPay's advanced digital payment infrastructure and Alfardan Exchange's established presence in Qatar, marking a pivotal moment in the evolution of cross-border remittance solutions.
Alfardan Exchange, a prominent player in the remittance sector and brings experience and a strong commitment to facilitating seamless financial transactions. This partnership is set to provide a host of benefits to Alfardan Exchange, with a focus on leveraging TerraPay's cutting-edge digital payment infrastructure. By joining forces, the two entities aim to facilitate seamless, cost-effective, and efficient cross-border payments to cater to the diverse customer needs.
TerraPay officials are excited about partnering with Alfardan Exchange to transform the remittance sector in Qatar. This collaboration aims to enhance TerraPay's market presence in the country and innovate in cross-border transactions. By joining forces, they plan to introduce advanced digital remittance solutions, promoting financial inclusivity and global connectivity.
Also commenting on this partnership, representatives from Alfardan Exchange said they are happy to partner with TerraPay, adding more valuable services to their existing offerings for customers. They are committed to continually expanding their service portfolio, in line with their strategic growth objectives. Through this partnership, they look forward to working with TerraPay to introduce innovative solutions and enrich the remittance experience for customers.
This cooperation between TerraPay and Alfardan Exchange represents a shared commitment to providing modern remittance solutions and driving financial inclusion globally. Both entities are poised to revolutionise the digital payments landscape, offering enhanced efficiency, security, and accessibility to customers across diverse corridors.
Founded in 2014, TerraPay simplifies the movement of money everywhere – providing a single connection to an expansive cross-border payments network regulated in 30 global markets and enabling payments to 141 receive countries, 210+ send countries, 7.5+ billion bank accounts and 2.1+ billion mobile wallets.
The company is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent, and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs, and money-transfer operators to travel businesses, creator economy platforms, and ecommerce marketplaces – while driving financial inclusion in inaccessible markets.
Established in 1971, Alfardan Exchange is Qatar's premier financial exchange company, aiming to serve the needs of the region’s millions of expatriates and thriving foreign businesses investing in Qatar and the Middle East.
The company is a member of the Union of Arab Banks and the Digital Master Agent for Western Union, providing remittance services through a mobile application and an online web portal, as well as the distinctive services that it provides through its digital portal.
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