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DAKAR, Senegal, Dec. 1, 2023 /PRNewswire/ — TerraPay, a global cross-border payments network, is proud to announce a strategic partnership with Small World Money Transfer, a leading provider of cross-border money transfer services for consumers and businesses . In this ever-evolving cross-border payments landscape, this collaboration is set to redefine mobile wallet services across Senegal, ensuring that Wave Wallet account holders can receive remittances directly into their wallets via instant bank transfers from the EU and the United Kingdom, using Small World Money Transfer.
At the heart of this partnership is a recognition of the obstacles Senegalese expats face when trying to send money home, leaving customers yearning for a more convenient and secure alternative. This partnership solves these challenges, enabling a seamless, secure, accessible and instant solution for customers sending money to their loved ones in Senegal.
Stanley Wachs, Managing Director for Northern Europe, Africa and Asia at Small World Money Transfer, expressed his excitement about the partnership: “We are delighted to announce that Small World Money Transfer is now available on all major mobile wallet services in Senegal. with the latest addition of the WAVE mobile wallet through TerraPay.”
He added, “At the heart of our mission is the goal of providing customers with the means to send money to friends, family and loved ones in the most cost-effective way. And we have been working tirelessly to offer our customers the best service possible in an easy, fast and secure way. This partnership will provide more convenience and options to our customers sending money to Senegal.”
“We are excited to join forces with Small World Money Transfer,” said Miller Rodriguez, Sales and Strategic Relationship Manager, Europe – UK, TerraPay. “This partnership is another step to strengthen our ongoing efforts to simplify cross-border remittances. Together, we can make money transfers more accessible, user-friendly and seamless for the people of Senegal, connecting them with their friends and family across the world. “Taking advantage of the growing popularity of mobile wallets in the region, we are committed to improving the cross-border payments landscape while driving financial inclusion.”
Small World Money Transfer, known for enabling over 3 million customers to make payments online as well as through a vast physical network, has been the trusted choice of Senegalese expats around the world. This partnership not only aligns with TerraPay’s commitment to driving global financial inclusion, but also helps expand the company’s reach and capabilities, with a focus on the Senegalese market. The integration of Small World Money Transfer into the TerraPay network ensures that customers in Senegal can experience instant and seamless money transfers directly to their Wave Wallet accounts without additional challenges or complexities.
This partnership announcement comes at a crucial time when demand for efficient cross-border payment solutions is increasing rapidly. It addresses this growing need by introducing a simple yet transformative solution, providing customers with more options and greater convenience in sending money.
About TerraPay:
TerraPay simplifies the movement of money everywhere: providing a single connection to the largest cross-border payments network regulated in 29 global markets and enabling payments to 120+ receiving countries, 210+ issuing countries, 7.5 billion+ bank accounts and more than 2.1 billion mobile wallets. TerraPay is on a mission to connect a borderless financial world, making the movement of money instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries of global businesses, from banks, fintechs and money transfer operators to travel companies, creative economy platforms and e-commerce marketplaces, while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London with global offices in Bengaluru, Dubai, Miami, Bogota, Dar es Salaam, Kampala, The Hague, Dakar, Joburg, Nairobi, Milan and Singapore and is expanding rapidly, having received funding from leading investors including IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
About Small World Money Transfer:
Small World is a leading provider of cross-border money transfer services for consumers and businesses, enabling more than 3 million customers to make payments online or through a physical network of more than 250,000 locations, 10,000 agents and 80 stores in 196 countries. . Small World is the trusted choice of Senegalese expats around the world to send money safely and easily to their loved ones in Senegal. www.smallworldfs.com
Contact:Juveria Samrinjuveria.n@terrapay.com
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