TerraPay Joins Forces With UBA Group for Cross-border Remittances in 20 Countries

/ -- TerraPay, a mobile-first international payment network, today announced that it has partnered with UBA Group, a leading pan-African financial services group headquartered in Nigeria, to facilitate real-time money transfer services to its customers in 20 countries across Africa. http://www.moneytrans.eu/.

The service which is currently live in five countries within UBA's network including Ghana, Cote d'ivoire, Burkina Faso, Sierra Leone and Cameroon, will be rolled out to the Bank's other subsidiaries in Chad, Liberia, Senegal, Uganda, Congo Brazzaville, Guinea Conakry, Kenya, Mali, Zambia, Congo DRC, Gabon, Mozambique, Tanzania and Benin Republic soon.

Sampson Aneke, Group Head, Transaction and Electronic Banking, UBA Group, while speaking on the partnership noted that Africa is one of the world's largest recipients of remittances. He also noted that as technology continues to enable cross-border trade and investment, availability of real-time money transfer services has become very important.

"As Africa's global bank, we are delighted to open up a fresh opportunity for real-time money transfer in partnership with TerraPay. This is another huge step in improving access to financial services for our customers across the globe," Aneke added.

Speaking on the partnership, Ambar Sur, Founder & CEO of TerraPay, said, "This partnership with UBA Group will play a pivotal role in cross border remittances across Africa, America and Europe. We are delighted to bring the convenience of instant cross-border money transfer, directly to any UBA account in twenty countries."