According to the firms, the alliance expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America.
“Joining with TerraPay is a great opportunity to further diversify and expand our payment options across the globe, delivering remittances into mobile wallets,” says Sobia Rahman, global head of account payout network for Western Union.
TerraPay’s “low value” payments network connects financial instruments internationally.
