Better Real-Time Payouts for Recipients in Canada
TerraPay’s network will now leverage Interac e-Transfer for Business to provide faster and more cost-effective transactions. This partnership enhances international remittance capabilities by offering transparent payments.
Paramount Commerce, with its 24/7 real-time payment infrastructure, ensures that recipients can receive funds instantly, reducing the delay often associated with traditional batch payments.
By working together, TerraPay aims to meet the growing demand for faster and more efficient financial solutions in Canada’s fintech and digital banking sectors. The collaboration offers a robust solution for money movement operators and their clients.
This initiative complements another recent partnership where TerraPay partners with Whalet to optimise global payouts for small and medium-sized enterprises (SMEs). Through this alliance, cross-border sellers from the Asia-Pacific region can benefit from enhanced international transactions. TerraPay’s technology will help scale Whalet’s payout capabilities, ensuring secure and compliant financial corridors across multiple regions.
Paramount Commerce emphasizes that its commitment to driving development in cross-border remittances is supported by this partnership, providing a transparent payment experience for both senders and recipients.