TerraPay

TerraPay is a global network for instant cross-border payouts to bank accounts, claiming 7.5+ billion accounts, and mobile wallets, claiming 2.4+ billion wallets. It was founded in 2014 and is headquartered in London.

Services The listed products are real-time cross-border bank and wallet payouts, Request-to-Pay (pay-in), virtual cards for B2B travel, and FX. Target clients are PSPs, banks, mobile money operators, travel businesses and creator-economy platforms.

Reach and licences The company states reach into 140+ receiving countries and 210+ sending countries, and refers to 30+ regulatory licences. Individual licences are not itemised here.

Backers and terms Named investors are IFC (World Bank), Visa and Prime Ventures. TerraPay is offered via enterprise API, so rates and corridor availability must be agreed with the company.

A PSP that pays out to freelancers or merchants in many countries uses one integration instead of building local banking links, and should compare receiving countries and payout speeds per corridor.