TerraPay,a global payments infrastructure company has announced a strategic partnership with MOVii, a mobile wallet service that allow both banked and unbanked Colombians to do financial transactions from their mobile phone, with ease, convenience and security.
Speaking on the launch of the partnership, Ricardo Madronero, Regional Manager– LATAM region, TerraPay stated, “Our partnership with MOVii is the starting means to accelerate the growing opportunity for inbound remittances from Colombian diaspora globally. TerraPay’s industry benchmarked interoperability engine will seamlessly connect an impressive count of over 1.7 million MOVii mobile wallet users to receive instant funds, with credibility. An exciting path ahead with many more such collaborations to enhance and deepen multi payment channel connections and usage, globally.”
“We are proud to partner with TerraPay, in further empowering our existing mobile wallet users to do more than just transact digitally. Now, they can also receive instant cross-border money transfers from their family residing at any of TerraPay’s extensive global partner network send countries. For diaspora, the partnership facilitates them to be connected to their family back home, with a simple and cost effective means of sending money home, ” said Hernando Rubio, CEO and Co-founder, MOVii.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.