TerraPay and Maya partner to empower seamless money transfers for Filipinos, worldwide

TerraPay Austria Belgium Switzerland United Kingdom United States of America Canada Argentina Singapore Netherlands Germany Thailand Mexico Spain Italy Brazil South Korea France India

and the transaction value in the digital remittances market is projected to reach USD 1.12 billion in 20232. These statistics underscore the significance of the collaboration between TerraPay and Maya in meeting the growing demand for efficient and convenient remittance services in the Philippines. 

About TerraPay 

TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 29 global markets and enabling payments to 120+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator 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 Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.

For more details, visit terrapay.com.

About Maya Philippines Inc: 

Maya is the #1 fintech ecosystem in the Philippines, with the most advanced digital bank. It is powered by the #1 merchant acquiring and payments processing business, the #1 rated consumer finance app, and the #1 digital bank. 

It leads millions of Filipinos — consumers, businesses, communities, and government agencies alike — into a digital economy that's more inclusive, transparent, and empowering. 

Maya is enabled by the country's only end-to-end digital payments company, Maya Philippines, Inc, and Maya Bank, Inc., for digital banking services. For more details, visit maya.ph and mayabank.ph. 

References 

1 https://blogs.worldbank.org/peoplemove/remittances-east-asia-and-pacific
2 https://www.statista.com/outlook/dmo/fintech/digital-payments/digital-remittances/philippines#:~:text=Transaction%20value%20in%20the%20Digital,US%241.68bn%20by%202027

Media Contact:

Juveria Samrin
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