July 22, 2024

Enza And Terrapay Forge Partnership To Transform African Payment Landscape

Facebook
Twitter
LinkedIn
Representational Image Displaying Boost in Digital Payment Landscape and Financial Inclusion In Africa
Representational Image Displaying Boost in Digital Payment Landscape and Financial Inclusion In Africa

enza, the innovative payments technology firm liberating African banks from the constraints of legacy technology and operating models, and TerraPay a leading global money movement company, are excited to announce a strategic partnership to transform the payments landscape of Africa.

Enza and TerraPay announce a partnership to transform the payments landscape in Africa. enza will harness TerraPay’s unrivalled connectivity into over 2.1 billion mobile wallets globally
Enza and TerraPay announce a partnership to transform the payments landscape in Africa. enza will harness TerraPay’s unrivaled connectivity into over 2.1 billion mobile wallets globally

Industry sources added that by partnering, the firms focus on tackling two issues that have inhibited the growth of businesses across Africa, and in doing so, accelerate financial inclusion: Transformation of the payment acceptance landscape – enza will harness TerraPay’s unrivaled connectivity into over 2.1 billion mobile wallets globally, facilitating the acceptance of these wallets alongside other domestic and international payment brands both online and in-person.

Industry sources added that simplifying cross-border payments for core businesses in Africa – millions of businesses in Africa struggle to make or receive cross-border payments in a timely and cost-effective manner, a problem that will be addressed through leveraging TerraPay’s access to >7.5 billion bank accounts, >2 billion wallets, and over 6 million cards, globally.

Commenting on the partnership, enza Executive Director Andrew Key stated, “We are thrilled to find an internationally renowned partner in TerraPay.  enza is delighted to be able to incorporate TerraPay’s capabilities into our propositions being delivered to many of Africa’s leading banks.  We are particularly excited about the role the partnership will play in transforming the experience of businesses across Africa, bringing many of them into the formal financial ecosystem for the first time”.

Ani Sane, Co-founder and Chief Business Office at TerraPay, commented, “The enza leadership’s track record and depth of their relationships across Africa are unparalleled, so combining their market reach and services with our money movement network makes us very optimistic about the future of this partnership. This will be a further step towards enabling true financial inclusion, by empowering transactions that can change lives, irrespective of the size or volume.”

Source

Share.

RELATED POSTS

Hussain Al Nowais, Chairman of AMEA Power
AMEA Power announces a USD75 mln funding round from the SoftBank Group
Ripple inks agreement with Onafriq
Ripple inks agreement with Onafriq
Khalid-Talukder-Co-Founder-CEO-of-DKK-Partners
DKK Partners launches Dubai operations to boost Middle East businesses
  • logo banner warba
  • Mutual Trust Bank Plc
  • Ahli United Bank

LATEST POSTS

Representational Image
CEO Alan Masarek to Retire at Year End; Current Board Chair Patrick Dennis Named CEO. Company Emphasizes Consistency in Strategic Direction and Commitment to Customers
Ahli United Bank - Egypt signs cooperation agreement with USAID's Business Egypt Program funded by USAID and implemented by DAI.
ADNOC and Nafis to create 13,500 new private sector jobs opportunities for UAE nationals by 2028.This new agreement will take the total private sector jobs created by ADNOC to 25,000 across its supply chain by 2028