October 10, 2022
TerraPay, a global payments infrastructure company, has recently announced its strategic partnership with Nequi, a leading mobile banking platform in Latin America. This collaboration aims to revolutionize the digital payments landscape, offering secure, convenient, and cost-effective solutions to millions of people.
Enhancing Financial Inclusion Through Innovation
TerraPay’s cutting-edge technology combined with Nequi’s extensive user base will pave the way for increased financial inclusion in the region. By leveraging the power of mobile phones, this partnership aims to provide underserved communities with access to affordable financial services.
Key Objectives of the Partnership
The partnership between TerraPay and Nequi focuses on achieving the following strategic objectives:
- Expanding financial service offerings: Nequi users will gain access to a broader range of financial services, including international remittances, bill payments, and more.
- Streamlining cross-border transactions: TerraPay’s robust payment infrastructure will enable Nequi users to send and receive money seamlessly across borders, eliminating traditional complexities and high costs.
- Driving innovation in mobile banking: The collaboration aims to introduce innovative solutions and advanced features, such as real-time transaction tracking and enhanced security measures, to enhance the overall mobile banking experience.
Benefits for Consumers and Businesses
The partnership between TerraPay and Nequi will bring forth numerous benefits for both individual users and businesses:
- Flexible and affordable international remittances, enabling individuals to send money to their loved ones anywhere in the world.
- Instant and secure payment methods for e-commerce transactions, fostering business growth and expansion.
- Efficient bill payment solutions, allowing users to conveniently settle their utility bills and other payments.
About TerraPay
TerraPay is a leading payments infrastructure provider that connects various payment instruments, financial institutions, and mobile wallet providers on a single global platform. With a presence in over 60 countries, TerraPay enables convenient and secure digital transactions across borders.
About Nequi
Nequi is a trailblazing mobile banking platform that provides accessible and inclusive financial services to millions of individuals in Latin America. Offering a range of banking functionalities through its user-friendly mobile app, Nequi aims to empower people and simplify their financial lives.
For more information about TerraPay and Nequi, please visit www.terrapay.com and www.nequi.com respectively.