Dutch payments network TerraPay has teamed up with Small World Money Transfer, a provider of cross-border money transfer services, to enhance mobile wallet services across Senegal.
The collaboration aims to help the Wave Wallet account holders directly receive remittances into their wallets through instant bank transfers from the EU and UK, using Small World Money Transfer.
The partnership centres around the hurdles Senegalese expatriates face in sending money back home, leaving customers yearning for a more convenient and secure alternative.
It addresses the challenges, enabling an easy, secure, accessible, and instant solution for customers sending money to their loved ones in Senegal, said the Dutch payments company.
TerraPay Europe-UK strategic relationship and sales manager Miller Rodriguez said: “We are stoked to join forces with Small World Money Transfer. This partnership is another step to strengthen our continuous efforts towards simplifying cross-border remittances.
“Together, we are able to make money transfers more accessible, user-friendly, and seamless for the people of Senegal, connecting them to their friends and family across the world.
“Tapping into the growing popularity of mobile wallets in the region, we are committed to enhancing the cross-border payments landscape while boosting financial inclusion.”
Small World Money Transfer, which enabled more than three million customers to make online and offline payments, has been trusted by Senegalese expatriates worldwide.
The partnership is in line with TerraPay’s strategic goal of driving global financial inclusion, also extends its reach and capabilities, with a particular focus on the Senegalese market.
With the integration of Small World Money Transfer into the TerraPay network, customers in Senegal can easily and instantly transfer money directly to their Wave Wallet accounts.
Small World Money Transfer Northern Europe, Africa and Asia managing director Stanley Wachs said: “We are delighted to announce that Small World Money Transfer is now available on all major mobile wallet services in Senegal with the latest addition of WAVE mobile wallet through TerraPay.
“At the heart of our mission is the drive to provide customers with the means to send money to friends, family and loved ones in the most cost-effective way.
“And we have been working tirelessly to offer our clients the best possible service in an easy, fast and secure manner. This partnership will provide more convenience and options for our customers sending money to Senegal.”
