Beyon Money, TerraPay join hands to boost remittances

TDT | Manama                      

The Daily Tribune – www.newsofbahrain.com   

Beyon Money, part of the Beyon Group, has announced a partnership with TerraPay, a leading global payments infrastructure company.

Through this partnership, Beyon Money and TerraPay said they will enable a 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.

According to Beyon Money, its 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 partnership with TerraPay will complement the Super App’s existing remittance services by enhancing its international reach.”

TerraPay Co-Founder & COO Ram Sundaram said, “This association will further enhance interconnectivity, interoperability, and financial integration between domestic and cross-border digital payments.”

Beyon Money CEO Roberto Mancone said, “The partnership with TerraPay enhances the financial services already offered to our customers andsupports us with our expansion plans across the GCC and MENA regions.

Our remittance services offered through the Beyon Money Super App allow customers to send money internationally both from their Beyon Money wallet or directly from their bank accounts.”