TerraPay, a global money movement company, has announced a strategic partnership with Whalet, a leading smart payment provider, to facilitate seamless cross-border payouts worldwide. This collaboration is designed to improve payment efficiency for Whalet’s core clientele—cross-border sellers from the Asia-Pacific region—by simplifying international financial transactions.
Whalet offers small and medium-sized enterprises (SMEs) a suite of global payment solutions, including one-click store setup, pay-ins, payouts, global accounts, currency exchange, and card issuance. With payment licences in Singapore, the US, and Hong Kong SAR, Whalet ensures compliance and cost-effective operations for businesses expanding globally. Nicholas Liao, Founder and CEO of Whalet, stated, “Partnering with TerraPay strengthens our ability to offer reliable payouts for cross-border trade enterprises and e-commerce marketplace sellers.”
TerraPay will enable Whalet to scale its payout capabilities, providing secure and compliant payment corridors across multiple regions. By integrating TerraPay’s technology, Whalet can streamline transactions, reducing settlement complexities and operational inefficiencies. Sukesh Malliah, Vice President – IMT (APAC) at TerraPay, commented, “This partnership enhances global payouts, ensuring businesses can move funds effortlessly.”
The collaboration addresses the growing demand for scalable, multi-rail payment solutions that support diverse financial ecosystems. With digital wallets playing an increasing role in simplifying cross-border transactions, this partnership ensures businesses can access reliable payout networks tailored to their expansion needs. TerraPay and Whalet are committed to building a global financial ecosystem that supports SMEs in their growth journey.
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