TerraPay completes acquisition of Pay2Global

TerraPay, a mobile-first international network, announced, it has completed the acquisition of UK-based Pay2Global Limited, following regulatory approvals.  In an outright purchase, TerraPay has acquired 100 pc of Pay2Global for an undisclosed amount, says a press release.
The acquisition helps TerraPay instantly scale its service footprint in the 32 countries of the EEA, accelerating growth by expanding the reach and the range of its money transfer products, the statement added.
TerraPay is building global payment infrastructure for low-value cross-border transactions. The service interconnects mobile wallet service providers, financial institutions and money transfer operators in key send and receive markets. In this respect, the EEA markets are highly complementary to TerraPay’s international money transfer network in Asia, Middle East and Africa and will add new source and receive locations and some of the world's largest and fastest growing corridors, it said. 

TerraPay completes acquisition of Pay2Global

TerraPay, a mobile-first international network, announced, it has completed the acquisition of UK-based Pay2Global Limited, following regulatory approvals. In an outright purchase, TerraPay has acquired 100 pc of Pay2Global for an undisclosed amount, says a press release. The acquisition helps TerraPay instantly scale its service footprint in the 32 countries of the EEA, accelerating growth by expanding the reach and the range of its money transfer products, the statement added. TerraPay is building global payment infrastructure for low-value cross-border transactions. The service interconnects mobile wallet service providers, financial institutions and money transfer operators in key send and receive markets. In this respect, the EEA markets are highly complementary to TerraPays international money transfer network in Asia, Middle East and Africa and will add new source and receive locations and some of the worlds largest and fastest growing corridors, it said.