For migrant workers sending remittances back home, cross-border payments can be slow, complex and expensive. It was this challenge Ambar Sur set out to solve when he left his telecom background and co-founded Terrapay in 2014. Inspired by telecom’s seamless global connectivity, Ambar set about building a robust network to enable instant, low-cost digital transactions, helping workers move more money more quickly across borders and increasing financial inclusion in the process.
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The future of payments
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See how Visa Direct helps businesses give fast and convenient access to workers earnings through eligible debit cards.
- Actual fund availability varies by receiving financial institution, receiving account type and whether transaction is domestic or cross-border.
- Use cases are for illustrative purposes only. Program providers are responsible for their programs and compliance with any applicable laws and regulations.
- Twelve months 1 October 2021 – 30 September 2022. Visa Inc, Quarterly Results, Q4 2022 Transcript.
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