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12/20/24, 4:09 PM Wall Street Exchange taps TerraPay to boost cross-border payments

Wall Street Exchange taps TerraPay to boost cross-border

payments

By Gloria Methri

December 19, 2024 Share

Wall Street Exchange (WSE) has signed a partnership with TerraPay 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.

WSE’s collaboration with TerraPay enhances 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 cards also helps WSE streamline international transfers, making
them more cost-effective.

Malaz Mubaid, Acting CEO of Wall Street Exchange, 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 can 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, President and Global Head of Remittances at TerraPay, added, “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.”

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

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