As part of the Singapore Fintech Festival, TerraPay and Maya announce a transformative global partnership.
TerraPay, a leading global cross-border payments network, is excited to announce that as the demand for efficient cross-border payment solutions continues to grow, it has forged ties with Maya, one of the largest fintech ecosystems in the Philippines, with the most advanced digital bank, the most popular consumer finance app, and the leading merchant acquiring and payment processing services.. As a result of this collaboration, Filipinos around the world will be able to send and receive remittances more conveniently, safely and conveniently
As a result of this collaboration, Filipinos around the world will be able to send and receive remittances more conveniently, safely and conveniently
Using TerraPay's extensive global network, users of the Maya app will be able to transfer money seamlessly between Korea, the US, Singapore, and the Middle East through the Maya app. Both companies aim to improve the customer experience at the same time that they ensure the utmost security and safety of transactions while offering faster transfer times, competitive exchange rates, and affordable borderless payment options at a competitive price. 
"This partnership aligns perfectly with TerraPay's mission to drive financial inclusion and revolutionize global borderless payments, which means this partnership aligns with TerraPay's mission to drive financial inclusion and revolutionize global borderless payments," said Ani Sane, Co-founder and Chief Business Officer at TerraPay.. As a result of the partnership with Maya, we will be able to provide customers in the Philippines with innovative solutions, providing them with fast and affordable cross-border payment options. Remitters and customers in the Philippines can continue to rely on us to ensure that digital transactions are more secure and faster." 
" 
It is my pleasure to work with TerraPay to make international remittances more convenient and accessible for our customers, according to Khurram Malik, Maya Chief Operating Officer. There is no denying the fact that cross-border payments are an integral part of Filipinos' global identities as they have family or virtual work opportunities abroad. By leveraging the seamlessness of the Maya app, we will be able to make it easier for them to receive money, save, and spend smartly." 
There is a shared vision between TerraPay and Maya of building a sustainable ecosystem based on the provision of superior customer service. Using TerraPay's secure and adaptable payments technology, Maya is establishing a thriving network of customers, promoting global financial interoperability and inclusivity, while opening up new channels for customers to access convenient and safe payment solutions across borders, as well as promoting global financial interoperability and inclusivity. 
As one of the five countries in the world where remittances are the most common, the Philippines will experience a staggering remittance inflow of USD 38 billion in 20221. In the year 20232, there will be a transaction value of USD 1.12 billion in the digital remittance market. These statistics illustrate the importance of the collaboration between TerraPay and Maya in meeting the growing demand for efficient and convenient remittance services in the Philippines. 
TerraPay - What it is and how it works 
We simplify the movement of money worldwide by offering a single connection to the world's most extensive cross-border payment network regulated in 29 countries and allowing payments to be sent and received in 120 countries, 210 countries, and 7 countries..There are over 5 billion bank accounts and 2 trillion dollars in assets.There are over 1 billion mobile wallets in use today. Founded in 2013, TerraPay is on a mission to connect a borderless financial world, so that money can be moved from anywhere instantly, securely, transparently, and fully legally. There’s no question that TerraPay pushes the boundaries for global businesses - from banks, fintech companies, money transfer operators, travel agencies, creator economy platforms, and e-commerce marketplaces - while driving financial inclusion in even the most inaccessible markets around the world.. Founded in 2014, TerraPay is headquartered in London, but it also has offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from a number of leading investors, including the World Bank's IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
Founded in 2014, TerraPay is headquartered in London, but it also has offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from a number of leading investors, including the World Bank's IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
You can find more information about TerraPay at terrapay.com.
Maya Philippines Inc. provides the following services: 
This business is powered by the world's #1 merchant acquiring and payments processing business, the world's #1 rated consumer finance app, and the world's #1 digital bank. Maya is the leading fintech ecosystem in the Philippines and has the most advanced digital bank. 
A digital economy that is more inclusive, transparent, and empowering is now a reality for millions of Filipinos - consumers, businesses, communities, and government agencies alike. 
For more details about Maya, please visit maya.ph and mayabank.ph, the country's only end-to-end digital payments company, and Maya Bank, Inc., for its digital banking services. For more details, please visit maya.ph and mayabank.ph, the country's only end-to-end digital payments company. 
List of references 
1 https://blogs.worldbank.org/peoplemove/remittances-east-asia-and-pacific2 https://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 is as follows:
Juveria Samrin can be reached at [email protected]  
TerraPay's logo can be found at https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg
In recognition of the growing demand for efficient cross-border payment solutions, TerraPay and Maya are announcing a transformative global partnership at the Singapore Fintech Festival today.
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Source prnewswire