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Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia

Source: TerraPay

TerraPay, a leading global payments network and Bancolombia, Colombia's largest player of remittances announced the signing of their contract. As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers, connecting Colombians living away from home with secure, innovative, real-time solutions to send funds to their loved ones in Colombia.

TerraPay’s reach and agile infrastructure, connecting 100 remittance companies in the world, enabling the flow of payments between 200+ send countries and 120+ receive countries, is set to strengthen the domestic remittance market. At the same time, leveraging TerraPay’s innovative payment solutions will enhance Bancolombia & capabilities & reach exponentially, keeping in mind that today it has agreements with 17 remittance companies, with a scope of 125 sending countries.