Page 12 - 7X PR REPORT REPORT DECEMBER 2024

PRESS RELEASE

Wall Street Exchange partners with TerraPay to Enable
Cross-Border Payments and Advance Financial Inclusion

Dubai, December 19, 2024: Wall Street Exchange (WSE), a subsidiary of FINTX, the
financial arm of 7X, signed a strategic partnership agreement with TerraPay, a global
money movement company, to drive efficiency, reliability, and affordability in
international money transfers and promote financial inclusion. This collaboration is set
to expand WSE’s payment channels via TerraPay’s network, making cross-border
payments more affordable and enabling underserved communities with seamless
access to financial services. This move reflects both organisation’s commitment to
enhance customer satisfaction and service quality in the remittance landscape.

The partnership agreement was signed at the 7X headquarters in Dubai by Malaz
Mubaid, Acting CEO of Wall Street Exchange and Sudhesh Giriyan, President
and Global Head of Remittances at TerraPay. The ceremony was held in the
presence of Abdulla Mohammed Alashram, Group CEO of 7X, Bassam Awada,
SVP MENA and Global Partnerships of TerraPay, and Sultan AlMahmoud, Acting
CEO of FINTX.

WSE’s collaboration with TerraPay marks a significant step towards enhancing
financial accessibility for individuals and businesses, especially those who rely on
cross-border payments to support family members, pay for services or conduct
business internationally. TerraPay’s network of 144+ receiving countries, 210+
sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more
than 12 billion cardsalso helps WSE streamline international transfers, making them
more cost-effective. The end goal is to empower users with convenient payment
options.

Malaz Mubaid said: “Our partnership with TerraPay underscores our focus on making
cross-border payments more accessible and responsive to the needs of our diverse
customer base. By integrating TerraPay’s advanced platform with our systems, we are
able to enhance our offerings and streamline international transfers, providing
individuals and businesses with a more efficient and reliable experience. This
collaboration is a strategic step in advancing financial inclusivity and adapting to the
shifting expectations within the remittance landscape.”

Sudhesh Giriyan said: "We are thrilled to partner with Wall Street Exchange in driving
innovation and enhancing financial inclusion across borders. By integrating TerraPay’s
robust global remittance network with WSE’s services, we are enabling faster, more
affordable, and seamless international money transfers for millions of people. This
partnership reflects our shared commitment to improving financial accessibility and
empowering underserved communities, helping bridge the gap in the global remittance
landscape."

ةدﺣﺗﻣﻟا ﺔﯾﺑرﻌﻟا تارﺎﻣﻹا ،ﻲﺑد ،99999 دﯾرﺑ قودﻧﺻ ،ع.م.ش تارﺎﻣﻹا دﯾرﺑ ﺔﻋوﻣﺟﻣ ﺔﻛرﺷ
Emirates Post Group Company PJSC, PO Box 99999, Dubai, UAE

Tel. +971 4 604 9438 فﺗﺎھ