TerraPay has built its position in institutional payments by tackling one of the biggest contradictions in emerging market finance: domestic digital-payment ecosystems have expanded at extraordinary speed, yet moving money between those ecosystems remains difficult.
Mobile wallets are a good example. They provide an efficient way to move money domestically but remain fragmented internationally, leaving banks, fintechs and payment companies with the challenge of connecting different networks, regulatory regimes and currencies.
TerraPay is attempting to remove that complexity by becoming the infrastructure connecting them.
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