In a significant development for the remittance sector, Netherland-based TerraPay, a global cross-border payments network, has announced a strategic partnership with Qatar-based Alfardan Exchange. This collaboration aims to leverage TerraPay’s advanced digital payment infrastructure and Alfardan Exchange’s established presence in the industry, marking a pivotal moment in the evolution of cross-border remittance solutions.
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Alfardan Exchange, a prominent player in the remittance sector, brings to the table a wealth of 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 key focus on leveraging Netherland-based’s cutting-edge digital payment infrastructure. By joining forces, the two entities aim to facilitate seamless, cost-effective, efficient cross-border payments to cater to the diverse customer needs.
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Sudhesh Giriyan, President – Cross-Border Payments at TerraPay, expressed his enthusiasm about the collaboration, stating “TerraPay, a pioneering provider of white-labeled digital payment infrastructure, is dedicated to transforming the remittance landscape. The partnership with Alfardan Exchange is seen as an opportunity to strengthen our market presence in Qatar and gain strategic leverage in the remittance sector.”
This collaboration between TerraPay and Alfardan Exchange represents a shared commitment to providing cutting-edge remittance solutions and driving financial inclusion globally. Both entities are poised to revolutionize the digital payments landscape, offering enhanced efficiency, security, and accessibility to customers across diverse corridors.
About TerraPay
Founded in 2014, TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30 global markets and enabling payments to 141 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets.
