DENVER—Western Union has announced an alliance with TerraPay that will allow remittances to go directly into mobile wallets and bank accounts in Europe, Asia, Africa and Latin America.
TerraPay operates a payments network that lets customers send and receive payments across various domestic, regional and international markets, explained Mobile Payments Today.
Western Union offers funds transfer services across 200 countries and westernunion.com is available in 50 countries.
"Uniting our strengths will play a pivotal role in expanding TerraPay's network into new markets and help migrant workers send money home to a mobile wallet or bank account, through a reliable and convenient service," said Ambar Sur, founder and CEO of Terra Pay.