Ambar sur - Latest News Update, Information, Photos & Videos on Ambar sur at Lokmat Times

Leading global digital payments infrastructure company, TerraPay, announces that it has secured the money services business (MSB) license in the State Of Florida, The United States Of America.This license will facilitate the company's unparalleled and robust cross-border payments infrastructure to mobilize international remittances from the region in real-time, at low costs, and help offer diverse value-added financial payment services to TerraPay's partners and their customers present globally.Through the US license, TerraPay aims to expand its partnership network in the US & LATAM region to facilitate low-cost, hassle-free, instant transactions in 96 countries. This MSB license is a major step toward TerraPay's goal of becoming a major player in the global cross border payment ecosystem.With US license TerraPay now has 25 regulatory approvals and local licenses, connecting customers to their global partner networks - 4.5Bn+ Bank Accounts, 1.5Bn+ mobile wallets- across 192 countries and 49 settlement currencies.According to the data published by the , the United States of America is the most significant source of country for remittances globally, followed by the United Arab Emirates, Saudi Arabia, and Switzerland. The report also revealed that the cost of sending money across international borders remained high, around 6.4 percent on average in the first quarter of 2021. Sending remittances to Sub-Saharan Africa is particularly high (8 percent).Ambar Sur, Founder, and CEO, TerraPay, commented: " The MSB license is a strategic boost to our commitment to drive global financial inclusion. Our partners & customers are our number one priority, TerraPay works hard to be a law-compliance entity to different countries and regions around the world. The USA license is the cornerstone of long-term development, and it is based on a deep understanding of the industry. We will continue to work towards ensuring global access to all participants and innovation in the payments ecosystem.""We are delighted to receive the US License, it's a true testament to our commitment to drive digital interoperability across countries. Given that the US is the largest remittance send country, our main aim is to further strengthen our footprint in the US & scale up operations in 16 counties of the LATAM region to facilitate economical, instant, borderless transactions from the US to key regions like LATAM, Asia, Europe & Africa. The new licensing arrangement will allow us to expand our payment offerings to more financial institutions & build secured payments infrastructure for businesses in the USA," said Philip Daniel, Regional Director - Americas, TerraPay.Headquartered in The Netherlands, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The company has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large.Registered and regulated across 25 global markets, TerraPay is a leading global partner to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to payments infrastructure that spans the globe, their partners become beacons of the promise of global financial inclusion.For more information, please visit .This story is provided by PRNewswire.will not be responsible in any way for the content of this article. (ANI/PRNewswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Ambar SurFOLLOW

Ambar sur, Latest News

Business :TerraPay welcomes Visa as a strategic investor and global partner as digital cross-border trade accelerates

London [UK], May 10 (/PRNewswire): TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from ... ...

Business :TerraPay announces the strategic hire of Sudhesh Giriyan to lead the global remittance business

TerraPay, a leading global payments infrastructure company, announced the appointment of Sudhesh Giriyan as President & Global Head of Remittances, today. Strengthening the company's senior leadership, this strategic appointment supports TerraPay's c ...

Business :TerraPay wins the 'Best use of data' award at the prestigious Banking Tech Awards 2022

The renowned Banking Tech Awards awarded TerraPay, a leading global payments infrastructure company, with the 'Best use of Data' award for the year 2022. Over the last 23 years, the Banking Tech Awards has been recognising and honouring excellence an ...

Business :TerraPay obtains license in the USA; aims to strengthen footprint in key global markets

Leading global digital payments infrastructure company, TerraPay, announces that it has secured the money services business (MSB) license in the State Of Florida, The United States Of America. ...