Global payments infrastructure company TerraPay has entered into a partnership with smart payment provider Whalet to support more efficient cross-border payouts for SMEs, particularly those operating in the Asia Pacific region.
The collaboration will allow Whalet to enhance its payout capabilities by integrating TerraPay’s global payment network, which spans multiple regions.
This is expected to help streamline international transactions for cross-border sellers, reducing settlement times and easing compliance requirements.
Whalet currently provides services such as one-click store setup, global accounts, pay-ins, payouts, currency exchange, and card issuance for businesses expanding globally.
It holds payment licenses in Singapore, the U.S., and Hong Kong SAR.
TerraPay said the integration would enable broader access to secure and compliant payout corridors, as demand grows for scalable, multi-rail payment systems that can support a range of financial platforms, including digital wallets.
With the increasing need for frictionless transactions, such integrations are becoming more critical to support global expansion.
“Partnering with TerraPay strengthens our ability to offer reliable payouts for cross-border trade enterprises and e-commerce marketplace sellers.
This collaboration ensures our customers can efficiently manage transactions while optimising financial processes worldwide.”
said Nicholas Liao, Founder & CEO, Whalet.
“This partnership enhances global payouts, ensuring businesses can move funds effortlessly.
By working with Whalet, we’re enabling a more accessible and efficient payout experience for SMEs and marketplace sellers, empowering businesses to operate seamlessly across multiple regions.”
said Sukesh Malliah, Vice President – IMT (APAC), TerraPay.
