TerraPay Embarks on a Strategic Partnership with ACE Money Transfer to Strengthen Global Remittances

July 31, 2024 |

In a move poised to redefine the landscape of cross-border remittances, TerraPay, a global money movement company, proudly announces its strategic partnership with ACE Money Transfer. This collaboration aims to enhance global payouts, enabling seamless transactions across borders.

With a commitment to meaningful innovation and building customer-centric solutions, TerraPay is set to elevate its payout services through this strategic alliance with ACE Money Transfer. Leveraging ACE’s extensive experience in the remittance domain, TerraPay will enhance the end-user experience to solve complex challenges facing cross-border transactions.

Rehan Ashraf, Team Lead – Relationship & Development Department at ACE Money Transfer, shared his thoughts on the partnership. “This partnership between ACE Money Transfer and TerraPay represents a significant step forward for the remittance industry. By combining our strengths and expertise, we can unlock new possibilities for innovation and create a more seamless and efficient experience for users sending money across borders.”

ACE Money Transfer, renowned for its unwavering commitment to customer satisfaction and service excellence, boasts a robust network of over 1 million satisfied customers globally. With a track record of processing $1 billion in remittances in 2022 and GBP 1 billion in 2023, ACE stands as a beacon of reliability and efficiency in the remittance industry.

Miller Rodriguez, Senior Country Manager –  UK and Europe, at TerraPay commented on the partnership, “We are thrilled to embark on this new journey with ACE Money Transfer. This partnership underscores TerraPay’s dedication to harnessing cutting-edge technology to deliver seamless payment solutions. By joining forces with ACE, a veteran in the remittances sector, we aim to fortify our payout offerings, empowering customers with enhanced accessibility and reliability.”

The partnership between TerraPay and ACE Money Transfer heralds a new era of innovation and efficiency in the fintech industry. Together, the two organizations are set to revolutionize cross-border payments, offering unparalleled convenience, including expanded payout options, competitive exchange rates, round-the-clock transaction tracking features, and accessibility to their diverse customer base.

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About ACE Money Transfer

ACE Money Transfer (registered name ‘Aftab Currency Exchange Limited’), based out of Manchester, UK, is a growing remittance provider. It offers impeccable online money transfer services to millions of expatriates with an extensive network of 375,000+ locations spread across 100+ countries worldwide.

About TerraPay

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.