Terrapay, the world’s first mobile payment switch has received an award for the “Best Payments Innovation of the Year” at the Payments and Cards Awards held on 7^th June during Payments & Cards Summit, 2017 Mumbai, India. TerraPay has been recognized as the best payments innovation for its revolutionary interoperability as a service solution which has been successfully implemented across the globe in a short span of two years.

TerraPay’s innovative solution has been built on an idea of Interoperability  of  diverse financial  instruments  across  geographies,  all  premised  on  an  individual’s  mobile  number. The company  is  building  global  payment  infrastructure  to  fulfil  its  vision  to  enable  customers  to  Send Money  to  Any  Mobile.  TerraPay’s  interoperability  engine  is  designed  to  deliver  a  simple,  fast  and secure service experience

Speaking on the occasion, Ambar Sur, Founder & CEO, TerraPay said, “We feel honoured to receive this prestigious award and be recognized at the Payments and Cards Summit 2017. TerraPay’s interoperability engine has received acceptance from Industry   partners which can be substantiated by the varied partnerships that the company has built.  The  company  takes  pride  in  the  fact  that  it  has enabled  its  partners  including  Money  Transfer  operators,  Mobile  money  operators  and  banks  in developed economies and emerging economies alike to join forces. This award further strengthens our belief to provide millions of people across the globe with an alternative to a cash-based economy by sending money to any mobile”

TerraPay  brings  mobile  wallet  systems  mainstream,  by  interconnecting  them  to existing  financial  institutions,  payment  systems,  and  networks  such  as  banks,  switches,  and  card networks to create a payments switch for instant, global money transfers.