Making Low Value
TerraPay's unique model of digitising the entire payments chain, connecting the expanding mobile wallet infrastructure, and a low cost operations structure makes low value cross border payments affordable.
Remittances Hub Model
Moving away from bilateral arrangements to a clearinghouse model brings the world of TerraPay partners to you with one single partnership
Traditional cross border payments models are hard to scale up. TerraPay provides mobile white labelled solutions to its MTO partners to free them from the limitations of physical transactions.
Terrapay works with regulators to create a domestic interoperability platform between local MTOs, banks and Mobile Money Operators.
Making Money Remittances Convenient
Your customers can transact anytime from anywhere by using their mobiles. It takes away the inconvenience of travelling, standing in queues or handling cash.
Reducing The Cost of Compliance
Highly regulated businesses like remittance have a very high cost of compliance. By taking on regulatory compliance requirements, TerraPay reduces the cost of compliance for each participant by aggregation.
Clearing & Settlement
TerraPay is a flexible platform, which can ride its mobile payments clearing & settlement services as a layer on top of existing interbank clearing & settlement systems, or use TerraPay's banking partners to provide correspondent account settlement.
TerraPay offers a comprehensive suite of FX services. TerraPay partners can request quotes and book FX trades for low value transactions in any currency pair, including exotics, leaving it to TerraPay to source the best FX rates through its industry-leading partners worldwide.
TerraPay has a comprehensive and sophisticated machine-learning AML/CFT and Sanctions Lists engine. This system processes every transaction in real-time as well as through batched processes for volume and velocity, detecting structuring/smurfing and other money laundering strategies.
TerraPay offers a comprehensive bouquet of reporting services. Partners get a dashboard where they are able to design, save and schedule reports of their transactions. Regulators get a dashboard that can show live transactions and allow them to drill down to individual transaction and KYC. Regulators also may be able to access TerraPay's IMF standard BOP reporting suite.