Visa and TerraPay Partner to Drive Domestic Remittances

TerraPay, a global payments infrastructure company and Visa, the world’s leader in digital payments, have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in Kenya and global remittances to Kenya.

The partnership comes at a time when according to the Central Bank of Kenya, remittances to Kenya have seen a steady drop from the beginning of the calendar year, occasioned by the declaration of the global COVID-19 pandemic. “We at TerraPay view the Visa partnership as a next step towards the development of sustainable and scalable interoperable services for our Partners and their consumers’ payment requirements” said Ambar Sur, Founder and CEO of TerraPay.