TerraPay, a leading global money movement company, has announced a groundbreaking partnership with Swift, the world’s leading provider of secure financial messaging services. This collaboration will enable financial institutions to send money directly to over 2.1 billion mobile wallets worldwide using their existing Swift connectivity.
The integration of TerraPay’s extensive payment network with Swift’s robust infrastructure will significantly enhance the speed, transparency, and efficiency of cross-border payments. By leveraging Swift’s global reach and TerraPay’s innovative technology, financial institutions can now offer their customers seamless and secure international money transfers.
This partnership is a major step towards achieving the G20’s goals of faster, cheaper, safer, and more accessible cross-border payments. By connecting the unbanked and underbanked population to the global financial system, TerraPay and Swift are driving financial inclusion on a global scale.
Ambar Sur, Co-Founder and CEO of TerraPay, stated, “This partnership marks a pivotal moment in our mission to transform cross-border payments. By combining TerraPay’s reach with Swift’s network, we are creating a more inclusive and efficient global financial ecosystem.”
