TerraPay and TPBank Link Up for Real-Time Cross-Border Payments
What's happening
TerraPay has expanded its partner network in two moves. It struck a collaboration with Deutsche Bank to gain access to the bank's correspondent banking network, payments capabilities, technology and foreign exchange services to strengthen global settlement infrastructure and improve speed and reliability of cross-border flows. Separately, Vietnam's TPBank will use TerraPay's 156-country network to offer real-time outbound international payments without building bilateral banking relationships.
Why it's trending
Banks and fintechs are racing to speed up cross-border settlement and scale reach without building costly bilateral rails.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If your bank still plans to build dozens of bilateral corridors, TPBank just proved there is a faster path: plug into TerraPay's 156-country network and offer real-time outbound international payments today without dozens of bilateral deals.
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Original sources4
- TerraPay taps Deutsche Bank to widen cross-border payment reach
TerraPay has partnered with Deutsche Bank to strengthen its cross-border payments infrastructure, gaining access to the bank’s correspondent banking network, payments capabilities and foreign exchange services. The collaboration is expected to improve settlement efficiency and expand TerraPay’s reach as demand for faster and more reliable international payment infrastructure continues to grow. Ter
FinTech GlobalAug 21 - TerraPay and TPBank Link Up for Real-Time Cross-Border Payments
Vietnam's TPBank will use TerraPay's 156-country network to offer real-time outbound international payments without building bilateral banking relationships. The post TerraPay and TPBank Link Up for Real-Time Cross-Border Payments appeared first on The Fintech Times .
The Fintech TimesAug 21 - TerraPay and Deutsche Bank expand cross-border payments
TerraPay has struck a collaboration with Deutsche Bank designed to strengthen its global settlement infrastructure and improve the speed and reliability of cross-border payment flows. The agreement will give TerraPay... read more The post TerraPay and Deutsche Bank expand cross-border payments appeared first on Payments Industry Intelligence .
Payments Industry IntelligenceAug 20 - TerraPay and Deutsche Bank expand global payment connectivity
TerraPay, a global money movement company announced a collaboration with Deutsche Bank, that will provide access to the bank's correspondent banking network, technology and product capabilities, supporting more efficient and reliable movement of money across borders.
FinextraAug 20
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