TerraPay partners with FloCash to accelerate border business payments

TerraPay FLocash 23 DecTerraPay, one of the leading global payments infrastructure companies, has partnered with Flocash, provider of payment services powering ecommerce in the Middle East and Africa, for large cross-border business payments

Through this partnership, Flocash aims to efficiently and seamlessly manage its business payouts across the world instantly, with a single connection to TerraPay’s payment rails.

Assuring a fully compliant and transparent solution across every global business payout to clients or consumers, the partnership opens up the doors to a diverse range of payment service providers, payment orchestrators and merchants, across various verticals, by leveraging TerraPay’s rich and extensive global network of partners – banks and eWallets.

Speaking on the announcement, Koert Grasveld, vice-president payments, TerraPay, said, “Our partnership with Flocash is a testament to the fact that there is a big opportunity to efficiently offer such services as the acceptance of mobile wallets across the globe, with forex management to customers of PSP, propelling businesses to feel inclusive and grow with scale.”

“Africa’s economy is beginning to thrive and catch-up with the rest of the world in terms of innovation, connectivity and technology. This gives us immense opportunities to help businesses grow. Our partnership with TerraPay will offer Flocash merchants to grow their B2B payouts, B2B2C payouts, and collections from across the globe with a single connection, efficiently managing huge b2b transaction volumes,” added Sirak Mussie, managing director, Flocash.

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