Whish Money Partners TerraPay to Expand Digital Remittances

August 26, 2025 • FinTech News

Whish Money has formed a strategic partnership with TerraPay to strengthen digital remittance services and expand cross-border money transfer capabilities. This collaboration aims to deliver faster, more secure, and more affordable transactions while advancing financial inclusion in underserved regions. The partnership represents a significant step forward in modernizing international money transfers.

Expanding Global Reach Through Advanced Infrastructure

Through TerraPay’s extensive payments network, Whish Money customers gain access to remarkable global coverage. TerraPay’s infrastructure connects 3.7 billion mobile wallets and 7.5 billion bank accounts across more than 150 countries. Consequently, users in the Levant region can now send and receive money instantly through both mobile wallets and bank accounts. This capability offers a significantly smoother experience compared to traditional remittance channels.

Leveraging Regional Expertise and Digital Innovation

Whish Money already serves over 1.3 million customers and is recognized as a fintech leader in the region. The company’s digital-first approach has made it a strong driver of financial inclusion and innovation. By integrating with TerraPay’s global infrastructure, Whish Money can provide compliant and cost-effective solutions. Additionally, this partnership addresses growing demand for reliable remittance services among diaspora communities and migrant workers.

Executive Vision and Shared Mission

Executives from both companies emphasized their shared commitment to financial inclusion. Whish Money CEO Toufic Koussa highlighted their ability to redefine remittance experiences through secure and reliable services at scale. Meanwhile, TerraPay co-founder Ani Sane noted that the partnership represents progress toward universal financial access. Together, they aim to make global money transfers effortless for people worldwide.

Enhanced Customer Benefits and Service Improvements

Customers will benefit from several key improvements through this partnership. Transaction speeds will increase significantly, reducing transfer times from days to minutes. Costs will decrease due to streamlined processes and reduced intermediary requirements. Security enhancements will provide greater protection for users’ funds and personal information. Furthermore, the user experience will become more intuitive and accessible across multiple platforms.

Broader Market Impact and Regional Implications

This partnership represents a major development for digital payments in the Levant region and beyond. It combines TerraPay’s global backbone with Whish Money’s local market expertise effectively. The collaboration will likely inspire similar partnerships across the financial technology sector. Moreover, it supports economic development by facilitating faster and cheaper remittance flows into emerging markets.

Future Expansion and Development Plans

The companies plan to expand their service offerings beyond basic remittances in the future. They will explore additional financial products including savings instruments, insurance options, and credit facilities. Furthermore, they aim to extend their reach to additional underserved markets across Africa and Asia. This expansion will support their overarching mission of promoting financial inclusion worldwide.

Industry Context and Competitive Landscape

This partnership emerges amid increasing competition in the digital remittance space. Traditional money transfer operators face growing pressure from fintech innovators offering better rates and faster services. The collaboration positions both companies advantageously within this evolving landscape. It demonstrates how strategic partnerships can create competitive advantages through combined capabilities and shared vision.