TerraPay, DTBU Collaborates to Simplify Global Money Transfers in Uganda

TerraPay, DTBU Collaborates to Simplify Global Money Transfers in Uganda

Online payment platform TerraPay partnered with Diamond Trust Bank Uganda (DTBU), subsidiary of Diamond Trust Bank Group on Wednesday, to expand international money transfers and strengthen financial inclusion in Uganda. The collaboration aims to facilitate direct account deposits from around the world and leverage DTB’s brand name to optimize advantages for customers across the globe, …

The post TerraPay, DTBU Collaborates to Simplify Global Money Transfers in Uganda appeared first on Business Tabloid.Online payment platform TerraPay partnered with Diamond Trust Bank Uganda (DTBU), subsidiary of Diamond Trust Bank Group on Wednesday, to expand international money transfers and strengthen financial inclusion in Uganda.

The collaboration aims to facilitate direct account deposits from around the world and leverage DTB’s brand name to optimize advantages for customers across the globe, said the fintech firm.

The firm said this partnership will benefit customers and emigrants residing in the United Arab Emirates, United Kingdom, United States, Kenya, Germany, Qatar, Canada, and Europe, to transfer money in real-time to Uganda residents.

The mobile payments company also said DTBU will expand its customer base for international money transactions consequently boosting direct international investments within the nation as well as it looks to extend its global outreach through the association with DTBU.

“TerraPay’s