Alfardan Exchange to deploy digital payment infrastructure from TerraPay

Qatar's Alfardan Exchange will be taking on TerraPay's digital payment infrastructure. By joining forces, the two entities aim to facilitate seamless, cost-effective, efficient cross-border payments.

Sudhesh Giriyan, President – Cross-Border Payments at TerraPay said: “TerraPay, a pioneering provider of white-labelled digital payment infrastructure, is dedicated to transforming the remittance landscape. The partnership with Alfardan Exchange is seen as an opportunity to strengthen our market presence in Qatar and gain strategic leverage in the remittance sector.”

“The collaboration underscores TerraPay's commitment to innovation, setting new benchmarks in the remittance sector. Known for creating seamless, secure, and accessible cross-border transaction solutions, TerraPay aims to revolutionise the digital payments landscape in partnership with Alfardan Exchange.”

Giriyan said the two companies will work together to establish advanced digital cross-border remittance solutions. "This collaboration will not only strengthen financial inclusivity but also enhance connectivity across multiple global corridors,” he said.

Bashar Alwaqfi, GM, Alfardan Exchange, said the collaboration added more valuable services to existing offerings for customers. "At Alfardan Exchange, we are committed to continually expanding our service portfolio, in line with our strategic growth objectives. Through this partnership, we look forward to working with TerraPay to introduce innovative solutions and enrich the remittance experience for our valued customers."

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