TerraPay, Wari form pact for cross-border money transfers to mobile wallets, bank accounts
TerraPay and Wari, a global platform offering digital financial services, are partnering to strengthen the remittances ecosystem in 35 key African markets, according to a press release.
The companies said the partnership is aimed at interconnecting the global money transfer operators with mobile wallets and bank accounts in Africa.
Wari's customers across Africa can now send funds to TerraPay's network of mobile wallets in Africa and all bank accounts in India in real time. Also, TerraPay's global partners with a presence in 160 countries would be able to send remittances instantly to Wari's digital payments network including mobile wallets and bank accounts across 35 African markets.