Fintech
TerraPay Partners with SWIFT for Global Account-to-Wallet Payments
July 23, 2024
Written by FinTech Alliance in Financial Technology
TerraPay has announced a new partnership with SWIFT to enable financial institutions to facilitate international account-to-wallet payments.
This collaboration leverages TerraPay’s global payments network and SWIFT’s financial messaging services to provide a simple and secure way for financial institutions to send funds directly from bank accounts to mobile wallets in various regions. This move aims to improve financial inclusion by providing a more accessible and efficient cross-border payment solution, especially in regions where the use of mobile wallets is prevalent.