Insights Category: Blog

According to industry predictions, real-time payments (RTP) represent the future of the evolving payments ecosystem. Influenced by the pandemic, RTP’s share of transactions doubled in the US in 2020, as reported by ACI Worldwide. By 2025, the report estimates that RTPs will have a CAGR of 43.4% with 6.2 billion extra transactions.¹ Similarly, as per… Continue reading How Instant Payments Are Shaping Remittances in North America

Be it overseas workers, globe-trotters or expatriates, every cohort relies on cross-border remittances to either send money back home or receive funds from their family. But understanding the intricacies of cross-border remittance payments is essential for both individuals and institutions undertaking international monetary transactions. In this blog, we will explore the fundamentals of cross-border remittance… Continue reading A Guide to Simplifying Cross-Border Remittance Payments

Latin America is one of the most exciting regions to follow for innovation in the financial sector and the emerging fintech ecosystem. Updates to infrastructure through open banking initiatives, embedded finance, Banking-as-a-Service (BaaS), and more are helping to bring payments and banking to those underserved by the existing financial system. Even today, 58% of PoS… Continue reading How Digital Payments Enhance Financial Inclusion in LATAM

Technology and innovation have provided an incredible impetus to digital transformation in Latin America’s payment industry. With a total addressable market of over 600 million consumers that generates close to $6 Trillion of the GDP, Latin America has opened doors for exciting opportunities in the payment industry. This is where TerraPay is exhibiting its innovative… Continue reading What are the key challenges faced by the LATAM payments industry and how can we address them?

In a global economy, the ability to make borderless payments is essential for businesses and consumers alike. Moving money successfully across borders is fundamental to international commerce as it drives and sustains economies in developed and emerging markets. Cross-border payments are the oil that keeps the globalization machine going. As the world becomes more connected,… Continue reading Solving the cross-border payments puzzle

Worldwide, as steps are underway to boost financial inclusion, the measures are benefitting millions of underbanked people. Finally, underserved cohorts are gaining access to savings accounts, investments, loans, and other financial products. To achieve an objective based on user convenience, technology is being used to drive financial inclusion across all geographies, including remote regions. Financial… Continue reading How Tech is Driving Faster Financial Inclusion Worldwide

Payment infrastructure evolves on a minute-by-minute basis. It is what makes payments such an exciting field to work in and a great environment for anyone who likes to continuously innovate and learn, especially about how the payment infrastructure is evolving to meet the needs of global businesses. I remember a time when I was asked… Continue reading Evolving Payment Infrastructure for Global Businesses

Founded in 2014, TerraPay is an international payment network that connects mobile wallet service providers, money transfer operators, merchants, banks and payment platforms to enable seamless, cross-border transfer of funds for both B2B and B2C transactions. The company is currently registered and regulated in 29 global markets and provides solutions for travel as well as… Continue reading TerraPay on expanding Its payment solutions for travel

We all learned from the pandemic that diversification in the travel industry is crucial to success. It came in as a force of nature that unraveled traditional industry processes. It opened the doors to many new possibilities. Most of all, it heightened the need to generate income from various streams, while optimizing payment strategies. The… Continue reading How Digital Payments Are Transforming Global Sporting Events

The world of cross-border payments is complex, to say the least. When such payments or remittances need to be made across 100+ countries across the globe, the complexity is further compounded. In such scenarios, treasury plays a pivotal behind-the-scenes role by continuously analysing data and then recalibrating functions to obtain maximum performance in a completely… Continue reading Treasury automation and the science behind fintech driving competitive forex rates