Zai announces partnership with TerraPay to accelerate global payments
Zai has announced a partnership with TerraPay, a leading global payments infrastructure company. This partnership enhances both companies' ability to scale their offerings and deliver real-time, transparent cross-border payments globally.
Supporting businesses across various industries internationally, from fintechs to property technology companies, in simplifying, streamlining, and scaling complex payment workflows. Its sister brand, CurrencyFair, is a cross-border currency exchange platform offering competitive rates, fast, reliable transfers, and excellent customer service.
This partnership supports both Zai and CurrencyFair's product suite, with better coverage across the global payments ecosystem, collections and payout capabilities across multiple channels in the markets they operate in. Additionally, the partnership improves TerraPay's collection and payout offering in markets where Zai and CurrencyFair are leaders.
Zai has close to 250 employees currently, with plans to grow to 450 by 2025, and is expanding its presence across APAC, UK, USA and the Middle-East in the coming year.
"It's exciting to partner with a leading global payments company like TerraPay - and what makes this partnership so appealing is the improved product suite for both companies as Zai continues to scale globally.
This partnership builds upon our already market-leading products, providing fast cross-border payments that are completely transparent, for our B2C, B2B and enterprise customers. Zai is launching in multiple markets over the coming year and expanding our global footprint, and we look forward to working with Terrapay and growing this partnership," says Sanjeev Kumar, Chief Product Officer, Zai.
Registered and regulated across twenty-six international markets, TerraPay is a leading global partner to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem.
"We are thrilled to onboard Zai as a global trusted partner, to improve both Zai and TerraPay's offerings in key markets over the coming years. This partnership allows us to improve both Zai and its sister brand CurrencyFair's cross-border offering with faster payments for both consumer and business customers," says Sheshagiri (Sukesh) Malliah, Regional Director, APAC, TerraPay.
"This partnership will also strengthen our offering in the countries where Zai is the market leader, so we are delighted to grow with Zai over the coming years as it expands its presence globally, furthering our mission of creating cashless economies across the world."
About Zai
Zai is transforming the future of financial services and powering customers by making innovative financial services accessible to all. Zai's payment API is a core capability within its suite of embedded finance products and services, helping businesses manage multiple payment workflows and move funds. Its innovative platform applies expertise in real-time payments to a reliable micro-service architecture to enable authentication, liquidity, payment and settlement. Also under Zai's umbrella is CurrencyFair, a global currency exchange platform serving consumers and businesses with competitive exchange rates. Zai has close to 250 employees, with plans to grow to 450 by 2025, and is expanding its presence across APAC, UK, USA and the Middle-East.
About TerraPay
Headquartered in The Netherlands, the group has been building an expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across twenty-six global markets, TerraPay is a leading global partner to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to payment infrastructure that spans the globe.
