{"id":142308,"date":"2025-05-29T20:39:08","date_gmt":"2025-05-29T20:39:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/142308\/"},"modified":"2025-05-29T20:39:08","modified_gmt":"2025-05-29T20:39:08","slug":"terrapay-wave-to-promote-x-border-remittances-in-west-africa","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/142308\/","title":{"rendered":"TerraPay, Wave to Promote X-Border Remittances in West Africa"},"content":{"rendered":"

Money movement company TerraPay<\/a> launched a partnership with Wave Mobile Money<\/a>.<\/p>\n

The collaboration is designed to enhance cross-border remittance services in West Africa by allowing Malians to receive money from family and friends abroad directly into their Wave mobile wallets, according to a Thursday (May 29) press release<\/a>.<\/p>\n

\u201cOver 80% of Mali\u2019s population uses mobile phones, with many using them for mobile money and digital wallets,\u201d the release said. \u201cIn the region, digital wallets<\/a> are an essential tool for financial inclusion<\/a>, providing access to financial services for millions of people, especially those who are unbanked. With mobile money platforms leading the way, the landscape is evolving rapidly.\u201d<\/p>\n

TerraPay\u2019s global payment network now facilitates remittance flows from multiple money transfer operators in the United States, Canada and Europe to Mali, all via a single streamlined integration. This allows all Wave users in Mali to instantly receive money, \u201cfurther strengthen financial inclusion and offer a secure alternative to informal remittance channels,\u201d the release said.<\/p>\n

Global remittances<\/a> are a constant fact of life, as workers around the globe transmit money back home to help loved ones pay for living expenses, healthcare needs or tuition. According to The World Bank<\/a>, remittances to low- and middle-income countries like India, Mexico and the Philippines rose by 5.8% in 2024 to $685 billion.<\/p>\n

The PYMNTS Intelligence report \u201cGlobal Money Movement: How Digital Wallets Are Transforming Cross-Border Payments<\/a>,\u201d a collaboration with TerraPay, found that consumers favor digital wallets for cross-border payments<\/a>. More than 4 in 10 consumers described them as their most preferred method for international money transfers, more than any other payment type. Among consumers in the U.S., this figure came to 44%.<\/p>\n

The research also found that close to half of consumers who do not use digital wallets for cross-border payments said they are very or extremely likely to start using them to send money to family or friends in the next year. Among American consumers, 55% plan to employ digital wallets to send or receive cross-border payments.<\/p>\n

See More In: Africa<\/a>, cross-border payments<\/a>, digital wallets<\/a>, EMEA<\/a>, financial inclusion<\/a>, Global Payments<\/a>, international<\/a>, Mali<\/a>, Mobile Wallets<\/a>, News<\/a>, partnerships<\/a>, PYMNTS News<\/a>, remittances<\/a>, TerraPay<\/a>, Wave<\/a>, Wave Mobile Money<\/a>, What’s Hot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Money movement company TerraPay launched a partnership with Wave Mobile Money. The collaboration is designed to enhance cross-border…\n","protected":false},"author":2,"featured_media":142309,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3159],"tags":[2740,3268,3523,12920,10444,3271,522,2743,547,3528,12,3276,3279,61583,53,3530,16,15,38094,61584,3281],"class_list":{"0":"post-142308","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-africa","9":"tag-cross-border-payments","10":"tag-digital-wallets","11":"tag-emea","12":"tag-financial-inclusion","13":"tag-global-payments","14":"tag-international","15":"tag-mali","16":"tag-mobile","17":"tag-mobile-wallets","18":"tag-news","19":"tag-partnerships","20":"tag-pymnts-news","21":"tag-remittances","22":"tag-technology","23":"tag-terrapay","24":"tag-uk","25":"tag-united-kingdom","26":"tag-wave","27":"tag-wave-mobile-money","28":"tag-whats-hot"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/142308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=142308"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/142308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/142309"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=142308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=142308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=142308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}