Terra Connect launched to mobilise int�l remittance growth

Terra, a mobile-first international network, for low-value remittances, launched Terra Connect, its application programming interface suite, to enable mobile wallet providers offer affordable, accessible international remittance products and maximize global reach, says a press release.
The size of the Bangla-desh remittance wallet is valued at $15 billion, with more than 8 million migrants initiating 100 plus million transactions annually.  
The share of the mobile as a carrier of international remittance traffic is, however, less than 2 per cent. Terra provides the rails to carry cross-border peer to peer traffic by interconnecting discrete mobile wallet systems. The Connect API suite offers remittance service providers a single access point to plug into the Terra network to send and receive monies to and from any mobile wallet account, said the statement.

Terra Connect launched to mobilise int�l remittance growth

Terra, a mobile-first international network, for low-value remittances, launched Terra Connect, its application programming interface suite, to enable mobile wallet providers offer affordable, accessible international remittance products and maximize global reach, says a press release. The size of the Bangla-desh remittance wallet is valued at $15 billion, with more than 8 million migrants initiating 100 plus million transactions annually. The share of the mobile as a carrier of international remittance traffic is, however, less than 2 per cent. Terra provides the rails to carry cross-border peer to peer traffic by interconnecting discrete mobile wallet systems. The Connect API suite offers remittance service providers a single access point to plug into the Terra network to send and receive monies to and from any mobile wallet account, said the statement.