Partnership alert: TerraPay teams up with Visa for faster remittances in Africa. This could disrupt traditional banking

The TerraPay-Visa partnership bolsters cross-border payment efficiency in Africa, enabling faster remittances that challenge incumbents like Western Union and local banks such as Ecobank. This alliance could expand Visa's footprint in emerging markets while helping TerraPay scale its B2B payment network, intensifying competition in the $50B African remittance sector and pushing traditional players toward digital upgrades.