TerraPay Partners with MOVii to Provide Cross-Border Payments for Colombian Residents 

TerraPay Partners with MOVii to Provide Cross-Border Payments for Colombian Residents 

This collaboration is envisioned in phases with an aligned objective to transform the way Colombian residents and diaspora across the world send and receive money digitally. The first array of the partnership would enable Colombian diaspora residing in countries such as North America, Europe, including a whole suite of TerraPay’s 153 send partner countries, to transfer instant payments to their family and friends in Colombia through MOVii mobile wallet payouts. This opens up an incremental opportunity to connect TerraPay’s 500Mn+ mobile wallet partner customers globally, with MOVii’s mobile wallets in the region. Following up with the next milestone in the coming months, TerraPay would be bringing together a similar interoperability platform to enable Colombian residents to receive instant money transfers from their family and friends residing globally, into bank account payouts. The strategic partnership plans are in the process. To further empower Colombian residents to feel independent and resilient, the third phase builds the outbound money transfer channels to TerraPay’s well-entrenched 79 receive partner countries. Committed to achieving key SDG goals in alignment to both the company’s investor – IFC’s vision to ‘End extreme poverty by 2030’, and ‘Boosting shared prosperity’, this partnership drives financial inclusion, independence and resilience for