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TerraPay continues global expansion with mobile remittances to Tanzania

TerraPay, a mobile-first international payment network, has obtained regulatory approval from the Bank of Tanzania to launch international money transfer services to mobile wallets in Tanzania.

This means that TerraPay partners all over the world can send funds directly to mobile wallets in Tanzania. The company said in a press release that this is the first license of its kind to win regulatory approval in Tanzania.

TerraPay has also been licensed by Tanzania Communications Regulatory Authority for mobile-based domestic payments in Tanzania. Through a partnership with Selcom, a mobile money aggregator in Tanzania, TerraPay can send funds to all the prominent mobile wallet brands in Tanzania.