A global payments infrastructure company, TerraPay, and Visa announce a strategic partnership to work together to drive real-time digital remittances, interoperability, financial inclusion and drive adoption of cashless payments. Partnerships have played a vital role in Visa’s growth strategy as their collaboration with TerraPay will help boost interoperable financial services and products to push much desired financial services in our communities.
Visa recently committed to 50 million small and micro business (SMBs) as a pandemic recovery plan. This is because global e-commerce continues to evolve and is expected to reach $4.574 billion by 2023, mounting to needs of efficiency and convenience to drive consumption in the industry.