COUNTRY FOCUS : COLOMBIA
TerraPay partners with Nequi and contracts with Bancolombia to make remittance transformation happen .
Transforming remittanc
This partnership is pitched as opening the ability for Colombians to receive remittances from their relatives and friends .
TerraPay and Nequi by Bancolombia ( Nequi ) have entered a landmark partnership designed to transform remittances for Nequi ’ s 17.5 million customers .
The partnership is said to bring together the shared values of both companies , helping people manage their money efficiently and achieve their financial goals while also paving the way for financial inclusion .
This partnership is pitched as opening the ability for Colombians to receive remittances from their relatives and friends in more than 200 countries using only one connection .
Both parties say Nequi ’ s financial expertise along with TerraPay ’ s digital payment solutions will ensure more people can gain better access to financial products and services and greater autonomy over their money .
Underpinned by TerraPay ’ s payments technology , Nequi users will have access to an easy-to-use financial app , without long queues , long waiting times , secure experience and without any additional fees for the beneficiary .
Using the Nequi app , users will have immediate access to manage the remittances they receive .
Ambar Sur , CEO and Co-Founder , TerraPay , said : “ We are thrilled to partner with Nequi who share a desire to
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