Mastercard and TerraPay Join Forces to Revolutionize Digital Wallet Payments

Mastercard partners with TerraPay to enhance digital wallet capabilities, enabling transactions at over 150 million locations globally. The collaboration promotes payment interoperability, aiding financial inclusion and accelerating market entry through TerraPay's Xend platform.

Mastercard has teamed up with TerraPay, a global money movement firm, to enhance the digital prowess of its wallet partners, including mobile wallets, fintech companies, and banks.

With this collaboration, digital wallet users can now transact effortlessly at more than 150 million Mastercard acceptance locations worldwide using NFC technology.

This initiative is expected to promote financial inclusion and expedite service deployment through TerraPay's Xend platform, creating a seamless global payment landscape.

(With inputs from agencies.)