Bahrain: Beyon Money seals partnership deal with UK’s TerraPay

Bahrain: Beyon Money seals partnership deal with UK’s TerraPay

Bahrain - Beyon Money, a leading mobile wallet operating in Bahrain, has announced a partnership deal with TerraPay, a leading global payments infrastructure company based in UK, aimed at enabling swift, secure and affordable network for real-time payouts from Bahrain across key international corridors, including India, Bangladesh, Pakistan, Nepal, Sri Lanka, Philippines, Kenya, Uganda, Cameroon, Ghana, Thailand and Indonesia.

As the digital remittance market continues to grow in the Middle East region, customers demand an agile infrastructure to drive boundless small-value, large volume payments, globally.

As per the deal, TerraPay will empower businesses with innovative and simplified payment solutions to bring the world closer, while Beyon Money propels the region's digital transformation by addressing access, reliability and affordability needs to enhance the customer transaction journey.

The Beyon Money Super App enables consumers to connect to local bank accounts to review all transactions in one place, access financial insights to observe transactions and spending habits, spend with their Classic or Platinum Prepaid Card and send money abroad to many countries around the world.

This collaboration with TerraPay will complement the Super App’s existing remittance services by enhancing its international reach.

On the key partnership, TerraPay Co-Founder & COO Ram Sundaram said: "Our advanced payments system is