09 December 2021

MTN Mobile Money Uganda and global payments infrastructure firm TerraPay have formed an association so that the former can facilitate international digital cross-border remittances and speedy money transfers to beneficiaries worldwide.

Last year, TerraPay partnered with the MTN Mobile Money Uganda unit as a digital payments infrastructure company equipped to deliver inbound cross-border payments to mobile wallets in east Africa.

The enhanced partnership will facilitate outbound international remittance payments to countries such as India and China.

TerraPay said beneficiaries, including friends and family of migrants across these countries, will now have access to assured, real-time and convenient, small-value ticket remittance channels connecting the company’s global network of more than four billion bank accounts and more than 1.5 billion mobile wallets.

The company also said its interoperability engine and scalable and agile technological prowess will help partners as well as their customers and businesses to send and receive payments on a fully regulated, scalable, secure, transparent and efficient platform.

TerraPay has a footprint in over 94 countries around the world.