Powering low value money transfers
TerraPay's unique model digitises the entire payments chain, connecting the expanding mobile wallet infrastructure and enabling cost-efficient processing.
Result: Lowered costs passed onto end users, making money transfers affordable, especially at lower ticket sizes.
TerraPay has pivoted away from bilateral (corridor) arrangements, to a clearinghouse model.
Result: A single integration with TerraPay gives it’s partners an access to TerraPay’s global network.
Scalability - The power of the mobile
Leveraging its regulator-blessed, cloud-based solution, TerraPay has scale baked into its model. Result: We grow together, focusing on your end users, by providing frictionless channels such as white-labelled interfaces and apps to drive transactions. No more standing in line to send/receive hard-earned money or handling cash.
Increasingly, end users and regulators are pushing for mobile wallet interoperability. Terrapay anticipates this trend by working with regulators to create a robust, scalable and compliant domestic interoperability platform between local MTOs, banks and Mobile Money Operators. Result: Mobile money is freed up to generate value as a true medium of exchange.
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.
A culture of compliance - Regtech plus
TerraPay embraces that its solution is not merely technological. It obtains licenses from applicable regulators to enable its interoperability services. By taking on this compliance obligation, TerraPay reduces the cost of compliance for its network partners. Result: World class regtech compliance engine built directly into the TerraPay platform.
Clearing & Settlement
TerraPay is building the mobile payment rails of the future, which allows its mobile payments clearing and settlement services to ride on top of existing interbank clearing and settlement systems, or use TerraPay's banking partners to provide correspondent account settlement. Result: Mobile money integrates completely with existing payments infrastructure, driving synergistic use cases.
End-to-end Forex management
TerraPay offers a comprehensive suite of FX services. TerraPay's partners can request quotes and book FX trades for low value transactions in any currency pair, leaving it to TerraPay to source the best FX rates through its industry-leading partners worldwide. Result: You focus on your core business, while we drive value for your end user.
Machine learning & human-intelligence driving a secured platform
TerraPay deploys a comprehensive machine learning AML/CFT and sanctions screening engine. Our system processes every transaction in real-time and through batched processes, detecting structuring, smurfing or other money laundering strategies.
Big data and reporting
TerraPay offers a comprehensive bouquet of reporting services. Network partners get a customizable dashboard where they can design, save and schedule reports of transactions. Regulators get a dashboard that can show live transactions, and allow access to individual transaction (including underlying KYC details). Regulators may also access TerraPay's IMF-standard BOP reporting suite.