TerraPay and Nequi Revolutionize Remittances in Colombia: A Game-Changing Partnership in 2023

TerraPay and Nequi Revolutionize Remittances in Colombia: A Game-Changing Partnership in 2023

TerraPay, a leading global payments infrastructure provider, and Nequi, a popular Colombian digital bank, have joined forces to revolutionize remittances in Colombia. This strategic partnership aims to provide migrants and their families with a fast, secure, and affordable way to send and receive money.

Transforming the Remittance Landscape

Remittances play a crucial role in Colombia's economy, with over $8 billion received in 2022. However, traditional remittance channels often come with high fees and lengthy delays. TerraPay and Nequi's partnership addresses these challenges by leveraging their respective strengths to create an innovative solution.

A Seamless and Secure Experience

TerraPay's global reach and advanced technology platform enable quick and secure cross-border payments. Nequi's extensive network of digital wallets in Colombia provides instant access to funds. Together, they have created a seamless user experience that allows migrants to send money directly to their loved ones' Nequi accounts within minutes.

Affordable and Accessible

The partnership prioritizes affordability by offering competitive exchange rates and low transaction fees. Migrants can now save significant amounts on remittances, ensuring more money reaches their families in Colombia. Moreover, Nequi's vast network of cash-in and cash-out points makes it easy for recipients to access the funds without incurring additional costs.

Empowering Migrants and Their Families

The TerraPay-Nequi partnership empowers migrants by providing them with a cost-effective and convenient way to support their families back home. It also benefits Colombia's economy by stimulating growth and financial inclusion. The partnership aligns with both companies' missions to promote financial freedom and empower communities.

Schedule a Demo Today

To learn more about how TerraPay and Nequi are revolutionizing remittances in Colombia, schedule a demo by calling toll-free at (877) 227-7271. You can also visit Fundingo.com to learn more about their loan management or origination or servicing software or systems.

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