TerraPay, a global cross-border payments network, has entered into a strategic partnership with Alfardan Exchange, one of the leading remittance service providers in the region. The collaboration aims to leverage the strengths of both parties to offer seamless, cost-effective, and efficient cross-border payments to customers across various corridors.
TerraPay’s advanced digital payment infrastructure enables instant and secure transactions across multiple channels, such as mobile wallets, bank accounts, and cash outlets. Alfardan Exchange, with its extensive network and experience in the remittance industry, brings a deep understanding of the customer needs and preferences. Together, the two entities will provide a host of benefits to Alfardan Exchange, such as faster time-to-market, lower operational costs, and enhanced customer satisfaction.
The partnership also reflects the shared vision of TerraPay and Alfardan Exchange to provide cutting-edge remittance solutions and drive financial inclusion globally. Both entities are committed to revolutionizing the digital payments landscape by offering enhanced efficiency, security, and accessibility to customers, especially the underserved segments of the society.
Sudhesh Giriyan, President – Cross-Border Payments at TerraPay, expressed his enthusiasm about the collaboration, stating “TerraPay, a pioneering provider of white-labeled digital payment infrastructure, is dedicated to transforming the remittance landscape. The partnership with Alfardan Exchange is seen as an opportunity to strengthen our market presence in Qatar and gain strategic leverage in the remittance sector.”
He added, “The collaboration underscores TerraPay’s commitment to innovation, setting new benchmarks in the remittance sector. Known for creating seamless, secure, and accessible cross-border transaction solutions, TerraPay aims to revolutionize the digital payments landscape in partnership with Alfardan Exchange.
In terms of the partnership’s specifics, the two companies will work together to establish advanced digital cross-border remittance solutions. This collaboration will not only strengthen financial inclusivity but also enhance connectivity across multiple global corridors.”
Bashar Alwaqfi the General Manager of Alfardan Exchange, said: “We are pleased to announce our partnership with TerraPay, this collaboration adds more valuable services to our existing offerings for customers. At Alfardan Exchange, we are committed to continually expanding our service portfolio, in line with our strategic growth objectives. Through this partnership, we look forward to working with TerraPay to introduce innovative solutions and enrich the remittance experience for our valued customers.”
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