Zai, the worldwide monetary expertise firm delivering embedded finance orchestration options, has introduced a partnership with TerraPay, a number one international funds infrastructure firm.
This partnership enhances each corporations’ capacity to scale their choices and ship real-time, clear cross-border funds globally.
Zai helps companies throughout a variety of industries internationally – from fintechs to property expertise corporations – in simplifying, streamlining, and scaling advanced cost workflows. Its sister model, CurrencyFair, is a cross-border forex change platform providing aggressive charges, quick, dependable transfers, and wonderful customer support.
This partnership bolsters each Zai and CurrencyFair’s product suite, with higher protection throughout the worldwide funds ecosystem, in addition to collections and payout capabilities throughout a number of channels within the markets they function in. The partnership additionally improves TerraPay’s assortment and payout providing in markets the place Zai and CurrencyFair are leaders.
It’s one other vital milestone in Zai’s international growth plans. Zai has near 250 workers at the moment, with plans to develop to 450 by 2025, and is increasing its presence throughout APAC, UK, USA and the Center-East within the coming 12 months.
Sanjeev Kumar, chief product officer of Zai commented on the partnership: “It’s thrilling to companion with a number one international funds firm like TerraPay – and what makes this partnership so interesting is the improved product suite for each corporations as Zai continues to scale globally.
“This partnership builds upon our already market-leading merchandise, offering quick cross-border funds which can be utterly clear, for our B2C, B2B and enterprise clients. Zai is launching in a number of markets over the approaching 12 months and increasing our international footprint, and we stay up for working with Terrapay and rising this partnership.”
Registered and controlled throughout 26 worldwide markets, TerraPay is a number one international companion to banks, cellular wallets, cash switch operators, retailers, and monetary establishments, making a extra expansive and inclusive worldwide monetary ecosystem.
Sheshagiri (Sukesh) Malliah, regional director – APAC, at TerraPay, mentioned: “We’re thrilled to onboard Zai as a worldwide trusted companion, to enhance each Zai and TerraPay’s choices in key markets over the approaching years. This partnership permits us to enhance each Zai and its sister model CurrencyFair’s cross-border providing with sooner funds for each client and enterprise clients.
This partnership can even strengthen our providing within the international locations the place Zai is the market chief, so we’re delighted to develop with Zai over the approaching years because it expands its presence globally – furthering our mission of making cashless economies the world over.”