Zai partners with TerraPay to boost global cross-border payments

Global fintech specializing in embedded finance orchestration solutions, Zai, has joined a strategic partnership with TerraPay, a global payments infrastructure company to improve scalability.

The partnership aims to help both companies provide real-time, seamless cross-border payments around the world and meet the needs of millions of consumers.

About the partnership

Launched in 2010, Zai helps businesses across various verticals, including fintechs and real estate technology companies, simplify, streamline and scale complex payment workflows. Zai’s consumer brand, CurrencyFair, is a cross-border payments fintech serving SMEs and individuals by benefiting from competitive rates, fast and reliable transfers and improved customer service when they decide to transfer money online, internationally.

By partnering with TerraPay, a Netherlands-based monetary solution, Zai will increase its coverage in the global payments ecosystem and support expanded payment capabilities across multiple channels in the markets they operate. At the same time, TerraPay will benefit from improved collection and payment offers in a shared market environment.

As they grow, both fintechs will be able to upgrade their product offerings and provide fast cross-border payments for B2C, B2B and enterprise customers that are not only safe but also transparent.

Aim for global recognition

The latest deal with TerraPay represents an important step in Zai’s global expansion strategy. The company aims to double its number of employees by 2025 and to strengthen its presence in the most profitable regions of the world, including APAC, the United Kingdom, the United States and the Middle East.

At the same time, TerraPay is registered and regulated in 26 international markets and is an important partner for banks, mobile wallets, money transfer operators, fintechs and merchants. It aims to create a large and inclusive international financial ecosystem, catering to the needs of those who wish to transfer funds as quickly and securely as possible, with minimal fees.

Comments are closed.