- Sri Lankan migrants worldwide can now send money instantly and 24x7 to any 
bank account in Sri Lanka

    TerraPay [https://www.terrapay.com] has partnered with Pan Asia Bank 
[http://www.pabcbank.com] which enables TerraPay's network partners to make 
instant cross-border money transfer to all bank accounts in Sri Lanka. This 
means, Sri Lankan migrants worldwide through TerraPay's partner 
outlets/website/mobile-app can send money to their family and friends back 
home, instantly by transferring it to their bank account. The service is 
available 24X7 and even on holidays.

    (Logo: https://mma.prnewswire.com/media/717237/TerraPay_Logo.jpg )

    (Photo: https://mma.prnewswire.com/media/824365/TerraPay_Pan_Asia_Bank.jpg)

    TerraPay is a real-time, low value payments network, which connects all 
financial instruments globally. The company enables interoperability of mobile 
wallets in international, regional and domestic markets. TerraPay's 
interoperability engine enables customers to send and receive real-time 
transactions across diverse payment instruments, platforms and regions.

    Aniruddha Sane, Chief Business Officer of TerraPay, commented, "We are 
delighted to partner with Pan Asia Bank, a leading bank in Sri Lanka, for 
instant money transfers to over 10 Million bank accounts. Globally, TerraPay 
enables more than 1.5 Billion bank accounts and 200+ Million mobile money 
wallets in over 50 countries to receive real-time cross-border money transfers. 
Our target is to double these figures by 2020 and Asia will be at the forefront 
of this growth."

    Gerald Wanigarathne, DGM- Information Technology of Pan Asia Bank, said, 
"We are elated to partner with TerraPay as a part of our expansion strategy in 
the remittance business and to offer our customers a convenient and fast 
remittances service through our banking network. Without a doubt this will 
further strengthen Pan Asia Bank's ability to provide a broader range of 
banking services to our existing and potential customers."

    About TerraPay

    TerraPay is the world's first mobile payments switch - a B2B transaction 
processing, clearing and settlement service for mobile wallets. TerraPay's 
best-in-class technology serves as the interoperability engine that enables its 
partners' customers to send and receive real-time transactions across diverse 
payment instruments, platforms and regions.

    TerraPay is a B2B company incubated by Comviva, a global leader in 
delivering mobile financial solutions and part of the USD 21 billion Mahindra 
Group. TerraPay is registered and regulated in several jurisdictions. In the 
UK, it is regulated by the Financial Conduct Authority (FCA).


    PR Contact:
    TerraPay
    Sundeep Mehta
    media@terrapay.com

    Source: TerraPay