TerraPay partners with Pan Asia Bank for instant money transfers to SL
Sri Lankan migrants worldwide can now send money instantly and 24/7 to any bank account in Sri Lanka
TerraPay has partnered with Pan Asia Bank 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.
TerraPay is a real-time, low value payments net- work, 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.
Ani 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.”