TerraPay – Launch pitch at The Phocuswright Conference 2023

TerraPay is an international payment network that
connects merchants, banks, payment platforms, mobile wallet service providers
and money transfer operators to facilitate seamless, cross-border transfer of
funds for both B2B and B2C transactions. 

The company is currently registered and regulated
in 29 global markets and provides solutions for travel as well as e-commerce,
social media and business payroll.

TerraPay’s newest solution is
card-to-account, which transforms supplier cash payments into virtual card
payments.

As TerraPay’s general manager of payments,
Oliver Fellowes, explained during his Launch pitch at The Phocuswright
Conference, the solution fills an “acceptance gap” between buyers that want to
use cards and suppliers that don’t accept them.

“Buyers like cards, but suppliers like bank
transfers. So with card-to-account TerraPay can take funds from any virtual card
and deliver those funds directly to the supplier’s bank account instantly
through the TerraPay network,” he said.

Fellowes went on to explain benefits for
buyers, suppliers, issuers and acquirers and said TerraPay can deliver
card-to-account in 124 countries and 71 currencies in under one minute. 

Watch his full Launch presentation below.

Following the Launch pitch, TerraPay’s general
manager of travel solutions and business development, Maria Sellar, spoke to
PhocusWire editor in chief Mitra Sorrells in the PhocusWire studio about the
company’s growth and future plans.