As part of the Singapore Fintech Festival, TerraPay and Maya have announced a transformative global partnership.
With the growing demand for cross-border payment solutions, TerraPay, a leading global cross-border payment network, is pleased to announce a partnership with Maya, a fintech ecosystem known for being the #1 fintech ecosystem in the Philippines. Maya offers the most advanced digital bank, the most popular consumer finance app, and the best merchant acquiring and payment processing services in the Philippines.. As a result of this collaboration, Filipinos around the world will be able to send international remittances more conveniently, securely, and conveniently
As a result of this collaboration, Filipinos around the world will be able to send international remittances more conveniently, securely, and conveniently
With this partnership, users of the Maya app can now experience seamless money transfers from Korea, the USA, Singapore, and the Middle East through TerraPay's extensive global network of payment options. Together, both companies aim to enhance the customer experience while ensuring the utmost safety and security of transactions, thereby offering faster transfer times, competitive exchange rates, and affordable borderless payment options. 
Announcing the collaboration, Ani Sane, the Co-Founder and Chief Business Officer, TerraPay, said, "This partnership aligns perfectly with TerraPay's mission of driving financial inclusion and revolutionizing global borderless payment technology.". In partnership with Maya, we will be able to provide our customers in the Philippines with innovative solutions, enabling them to make cross-border payments in a quick and convenient manner. Our team remains committed to making digital transactions in the Philippines more secure and faster for remitters and customers." 
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The Chief Operating Officer of Maya, Khurram Malik, said that TerraPay will help make international remittances more accessible and convenient for Maya customers. With the increasing number of Filipinos with family or virtual work opportunities overseas, cross-border payments have become an integral part of their lives. We are making it easier for people to receive money, save money, and spend money smartly by leveraging the seamlessness of the Maya app." 
Among the shared visions of TerraPay and Maya is the creation of an inclusive ecosystem based on superior customer service. Maya's thriving network of customers is being expanded by leveraging TerraPay's secure and adaptable payment technology, promoting global financial interoperability and inclusivity, while opening up new channels through which customers can access convenient, safe and convenient payment options around the world. 
According to the report, in 2022, the Philippines, ranked among the top five countries in terms of remittances, will receive a staggering amount of remittances, amounting to USD 38 billion, and by 2023, the digital remittance market is expected to reach USD 1.12 billion, resulting in a total transaction value of USD 1 trillion. As a result of these statistics, TerraPay and Maya have demonstrated the significance of working together in order to meet the growing demand for efficient and convenient remittance services in the Philippines. 
TerraPay - What it is and how it works 
There has never been a simpler way to move money anywhere - TerraPay simplifies the movement of money everywhere, connecting you to the most expansive cross-border payments network that is regulated in 29 global markets and allows you to send and receive funds in 120+ countries worldwide..A total of over 5 billion bank accounts and two trillion dollars in assets.There are more than 1 billion mobile wallets in use today. It is TerraPay's mission to connect a borderless financial world, allowing you to transfer money instantly, reliably, transparently, and in full compliance with all the regulations.. Our mission at TerraPay is to push the boundaries for global businesses - such as banks, fintechs and money transfer companies as well as travel agencies, creator economy platforms and e-commerce marketplaces - while driving financial inclusion in even the most inaccessible markets.. TerraPay was founded in 2014 with a headquarters in London, as well as offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, and Singapore. TerraPay is currently expanding rapidly, having received funding from some of the world's leading investors, including the International Financial Corporation (the World Bank), Prime Ventures, Partech Africa, and Visa.
TerraPay was founded in 2014 with a headquarters in London, as well as offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, and Singapore. TerraPay is currently expanding rapidly, having received funding from some of the world's leading investors, including the International Financial Corporation (the World Bank), Prime Ventures, Partech Africa, and Visa.
Please visit terrapay.com for more information.
Maya Philippines Inc. is a company based in the Philippines: 
The Maya ecosystem is the hottest fintech ecosystem in the Philippines, with one of the most advanced digital banks in the world. It is powered by the country's leading merchant acquiring and payments processing business, the top consumer finance app, and the most advanced digital bank in the country. 
As a result, millions of Filipinos - consumers, businesses, communities, and government agencies alike - will have access to a digital economy that will be more inclusive, transparent, and empowered than ever before. 
It is powered by the only end-to-end digital payments company in the country, Maya Philippines, Inc., and Maya Bank, Inc., which provides the country with digital banking services. For more information, please visit maya.ph and mayabank.ph. 
A few references 
In this article, see http://blogs.worldbank.org/peoplemove/remittances-east-asia-and-pacific2, and http://www.statista.com/outlook/dmo/fintech/digital-payments/digital-remittances/philippines#:~:text=Transaction%20value%20in%20the%20Digital,US%241.68bn%20by%202027
Contact information for the media:
Juveria Samrin can be reached at [email protected]  
TerraPay logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg
TerraPay is the source of this information
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