TerraPay [https://terrapay.com/], a mobile-first international payment 
network, today announced that it has partnered with UBA Group, a leading 
pan-African financial services group headquartered in Nigeria, to facilitate 
real-time money transfer services to its customers in 20 countries across 
Africa. http://www.moneytrans.eu/.

    The service which is currently live in five countries within UBA's network 
including Ghana, Cote d'ivoire, Burkina Faso, Sierra Leone and Cameroon, will 
be rolled out to the Bank's other subsidiaries in Chad, Liberia, Senegal, 
Uganda, Congo Brazzaville, Guinea Conakry, Kenya, Mali, Zambia, Congo DRC, 
Gabon, Mozambique, Tanzania and Benin Republic soon.

    Sampson Aneke, Group Head, Transaction and Electronic Banking, UBA Group, 
while speaking on the partnership noted that Africa is one of the world's 
largest recipients of remittances. He also noted that as technology continues 
to enable cross-border trade and investment, availability of real-time money 
transfer services has become very important.

    "As Africa's global bank, we are delighted to open up a fresh opportunity 
for real-time money transfer in partnership with TerraPay. This is another huge 
step in improving access to financial services for our customers across the 
globe," Aneke added. 

    Speaking on the partnership, Ambar Sur, Founder & CEO of TerraPay, said, 
"This partnership with UBA Group will play a pivotal role in cross border 
remittances across Africa, America and Europe. We are delighted to bring the 
convenience of instant cross-border money transfer, directly to any UBA account 
in twenty countries."   
Africa is one of the largest receivers of remittances. Remittances to 
Sub-Saharan Africa grew almost 10 percent to $46 billion in 2018, supported by 
strong economic conditions in high-income economies. It is projected to 
increase in 2019 as well.

    Earlier in 2017, TerraPay had also obtained an approval from the Bank of 
Uganda to facilitate International money transfers to mobile wallets in the 
country. The company had also received regulatory approvals enabling 
cross-border money transfers to mobile wallets in Kenya and Tanzania and became 
the only licensed mobile payments switch equipped to deliver cross-border 
payments to mobile wallets in the East African region.

    In the last few years TerraPay has obtained licenses in United Kingdom, 
Mauritius, Botswana, Congo B, DRC and South Africa to enable cross-border money 
transfers to mobile wallets.

    PR Contact 
    Sundeep Mehta
    Global PR Manager 
    TerraPay, Netherlands 
    E-mail- contactus@terrapay.com 

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


    Source: TerraPay