Page 29 - 7X PR REPORT REPORT DECEMBER 2024

12/23/24, 1:21 PM UAE’s Wall Street Exchange partners with TerraPay to enable Cross-Border Payments and Advance Financial Inclusion - Fintech …
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.”

By leveraging TerraPay’s global remittance network and advanced technology, WSE will expand its footprint to
new destinations and elevate the speed and reliability of its services, all while offering competitive prices.

With a shared commitment to advancing financial technology and enhancing customer experience, the two
companies are poised to elevate international money transfers and redefine service excellence to meet the
growing demand for fast and reliable remittance solutions.

About Wall Street Exchange

Founded in 1982, Wall Street Exchange – a subsidiary of FINTX, the financial services arm of 7X – is a trusted
leader in the UAE’s money exchange sector. With a comprehensive range of solutions, it provides foreign
currency exchange, international money transfers, corporate payments, payroll services, and other services such
as utility bill payments, mobile recharge, wealth management, and more. As one of the first exchange houses
licensed by the Central Bank of the UAE, Wall Street Exchange has built a legacy of trust and innovation over
four decades.

Globally recognised for its wholesale currency notes business, Wall Street Exchange is renowned for delivering
timely solutions to customers around the world. Backed by a vast network of banking and financial partners,
Wall Street Exchange ensures seamless and secure transactions for its customers through more than 30 retail
branches in the UAE, combining local expertise with global reach to deliver quality service and foster trust in
every community it serves.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-
border payment networks regulated in over 30 global markets. The platform enables payments to 144+ receiving
countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12
billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant,
reliable, transparent, and fully compliant. Founded in 2014, TerraPay operates in over 12 countries and has built
the global digital wallet interoperable network, driving financial inclusion even in the most remote markets.
TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam,
Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech
Africa, and Visa, TerraPay continues its rapid global expansion.

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