Nagad teams up with TerraPay for seamless remittance inflows

FE Team | Published: September 07, 2023 23:53:33

Expatriate Bangladeshis around the world can now send home remittances through Nagad in a faster and easier way, as TerraPay, a global payments network, will provide seamless cross-border money transfer solutions, says a press release.
Nagad Limited, known for its commitment to innovation and customer-centric solutions, has partnered with TerraPay to leverage its interoperability platform and vast network spanning 200 countries.
Thus, the world's fastest-growing MFS company is going to establish a streamlined avenue for real-time, cross-border money transfers, ensuring that Bangladeshi expatriates have access to high-security features and a government incentive of Tk 25 per Tk 1,000 while remitting their hard-earned money to their families back home -- all at a minimal cost.
TerraPay, renowned for its global presence, is registered and regulated across 29 international markets.
The strategic alliance enables Nagad Limited to connect with TerraPay network that exists across the globe, ensuring 24/7 availability of services throughout the year.
Trust Bank Limited, a reputable private commercial bank in Bangladesh, played a pivotal role in facilitating the partnership between TerraPay and Nagad, a remittance service provider approved by the Bangladesh Bank.