TerraPay Obtains Approval From The South African Reserve Bank To Launch Cross-Border Money Transfers

TerraPay has obtained approval from the South African Reserve Bank to launch cross-border money transfer services in South Africa. Terrapin is the world's first mobile payments switch. "As per a report from FinMark trust, the bulk of remittance flows from South Africa are destined for Zimbabwe, Mozambique and Lesotho, with…

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