Dubai Gains Ground as Fintech Hub

At the Dubai FinTech Summit 2024, a leading global money movement company TerraPay announced a partnership with Multipass, a bank challenger in the financial technology sector, to redefine cross-border payment solutions for corporate customers. This collaboration aims to offer reliability, efficiency, and cost optimisation to businesses operating in the UK, Europe, and beyond. Through this partnership, Multipass gains access to TerraPay’s extensive global payments network, expanding its reach to new jurisdictions and local payouts in multiple currencies, ensuring efficient cross-border payment solutions to its clients. Both organizations offer 24/7 customer support and dedicated personal account managers, emphasising the importance of human interaction alongside technological advancement. Rami Chedid, CEO of Multipass for the UAE and the Middle East, commented, “Our partnership with TerraPay represents a significant step forward in our commitment to deliver secure and fast payment solutions to medium-sized entrepreneurs trading internationally. All while prioritizing security and efficiency in speed and costs. As we continue to work on our expansion plans in the UAE, this trusted partnership gives a new level of importance, offering our clients practically a global payment reach.”

Continue reading here