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TerraPay partners with FloCash for enabling instant large cross border business payments in Middle East & Africa
December 17, 2021 | TerraPay | Newsroom

TerraPay, a leading global payments infrastructure company, is proud to join hands with Flocash, a prominent provider of payment services powering ecommerce in Middle East & Africa, for large cross-border business payments. In a strategic move to further strengthen the global payments ecosystem, this partnership is a turning point for the majority of Flocash’s travel merchants starting with African markets, to efficiently and seamlessly manage their business payouts across the world instantly, with a single connection to TerraPay’s payment rails.

Assuring a fully compliant and transparent solution across every global business payout to clients or consumers, the partnership opens up the doors to a diverse range of payment service providers, payment orchestrators and merchants, across various verticals, by leveraging TerraPay’s rich and extensive global network of partners - banks and eWallets. TerraPay’s efficient and seamless payout network ensures that Flocash’s merchants optimize their processes as well as their cash flow, into bank accounts, eWallets and Telco wallets. Flocash will also enhance their business growth by tapping TerraPay's eWallet acceptance solution that enables merchants to access new eWallets, welcoming millions of new buyers in the ecosystem. Furthering this vision of global financial inclusion, the onboarding for non Middle-East and Africa based merchants is the next milestone for this partnership.

Speaking on the announcement, Koert Grasveld - Vice President Payments, TerraPay said "Our partnership with Flocash is a testament to the fact that there is a big opportunity to efficiently offer such services as the acceptance of mobile wallets across the globe, with forex management to customers of PSP, propelling businesses to feel inclusive and grow with scale. "

“Africa’s economy is beginning to thrive and catch-up with the rest of the world in terms of innovation, connectivity and technology. This gives us immense opportunities to help businesses grow. Our partnership with TerraPay will offer Flocash merchants to grow their B2B payouts, B2B2C payouts, and collections from across the globe with a single connection, efficiently managing huge b2b transaction volumes. TerraPay’s edge reigns on offering Flocash’s travel business partners competitive FX services across every business payout. With a focus on global payouts, TerraPay would also propel Flocash to terminate transactions in some key markets across Middle East & Africa, with the former’s pay-in network.” said Sirak Mussie, Managing Director, Flocash.

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About TerraPay

Headquartered in Amsterdam, TerraPay is a licensed digital payments infrastructure and solutions provider. The company has been building an ever-expanding payments highway that empowers businesses with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 15 global markets, TerraPay is a leading global partner to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a rich payment ecosystem that supports a range of diverse payment types and instruments. With a single integration, the company connects their partners to this deep-rooted global network, backed by strong compliance and security standards.

About Flocash

Flocash, is a leading provider of payment technology and distribution services to consumers, businesses, and financial institutions. We operate one of the largest networks of alternative payment channels for the travel industry. Our solutions are disrupting the travel sector by digitizing and automating the delivery and distribution of travel content to empower travel retailers and suppliers across 60 countries in Middle East & Africa.

For more information please visit www.flocash.com

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