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LEFCON, LLC Enters Master Service Agreement with Sage Hospitality

LEFCON | March 16, 2023 | Read time : 02:16 min

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LEFCON, LLC, a national technology support organization, recently announced entering into a Master Service Agreement (MSA) with Sage Hospitality Group for its corporate headquarters in Denver and the majority of its portfolio of more than 110 hotels and restaurants in the United States.

As part of the Master Service Agreement, LEFCON is the primary technology partner for Sage's corporate headquarters, assisting with infrastructure, day-to-day technology solutions, and innovative solutions to keep Sage at the forefront of hospitality services as the industry evolves. LEFCON also provides support for the majority of Sage's hotel and restaurant offerings, including POS systems, back-of-house technologies, and event and guest service requirements.

James Lefcakis, President of LEFCON, said, "What we love about our partnership with Sage Hospitality Group is that they are interested in continuing to innovate the hospitality industry through technology systems and support." He added, "LEFCON not only provides excellent day-to-day customer support but we are always looking for new and creative ways to engage with guests through tech, as well as streamline services throughout hotels and restaurants. This partnership will allow us both to think up new and creative ideas while providing excellent service to Sage's properties."

"LEFCON has been a trusted partner of Sage for many years, and we're excited to enter into this MSA to continue to provide excellent service to our properties and owner/partners," mentioned Matt Schwartz, Chief Technology Officer at Sage. He also said, "We look forward to bringing new innovations to our hotels and restaurants that will enhance the guest experience and continue to position Sage as an industry leader in the lifestyle sector."

About LEFCON

Founded in 2000, LEFCON provides a highly specialized managed services solution that is customized to match the needs of each hotel organization, drawing on more than 25 years of experience providing professional IT services to the hospitality industry.LEFCON offers top-tier solutions for email, asset management, security and compliance, and proactive network monitoring, all of which are backed by a 24/7 support team and a state-of-the-art network operations center. As a business focused on hospitality technology, LEFCON offers services like consulting, opening management, network design and build, new construction build, project governance, and turnkey IT solutions.

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Stuzo Launches Gulf Oil's New Wallet Steering Program Network-Wide

Newswire | May 04, 2023

Stuzo, the only provider of its patent-pending Wallet Steering® solution, powered by its Open Commerce® product bundle, announced today the network-wide launch of Gulf Oil's new Gulf Pay program. "We're excited to be partnered with Stuzo for the re-launch of Gulf Pay, including a robust loyalty offering and a more rewarding experience for the user," said Nikki Fales, vice president, marketing & payments at Gulf Oil. "Our partnership with Stuzo sets the stage for future enhancements that will further benefit our network of Gulf distributors and dealers and their customers." Gulf Pay launched with a new everyday savings of 3¢ off per gallon of fuel for all program members who are fully enrolled and complete purchases using Gulf Pay as their payment method. New program members and those who migrate from Gulf's previous app will enjoy a one-time rollback of 15¢ off per gallon of fuel when paying with the Gulf Pay web or iOS/Android mobile app experiences. Currently, all major network open loop cards, Apple Pay, and Google Pay are supported for in-app payments, both at the pump and in store. "Our partnership with Stuzo is a game changer," continued Fales. "With access to Stuzo's Wallet Steering solution, we can better understand our consumers' fuel purchasing behavior in a new way. Stuzo enables us to apply this data in real-time to drive incremental fuel gallons by targeting consumers with hyper-personalized offers." Stuzo's Wallet Steering product features and proprietary Wallet Steering method will enable Gulf to track its existing share of program member Wallet Capacity and programmatically capture its incremental Wallet Opportunity. Stuzo will empower Gulf to grow its member base, grow member engagement rates, grow fuel and in-store transaction volume, grow basket size, and increase its share of members' fuel Wallets profitably and at scale across its entire network of distributors, dealers and consumers. "Gulf is a well-respected fuel brand with an incredible 120+ year heritage," said Jake Kiser, chief customer officer, Stuzo. "We're honored to support Gulf in its commitment to delivering exceptional customer service and quality fuels while strengthening the communities it touches. The re-launch of Gulf Pay is just the beginning of a multi-year journey Gulf and Stuzo have embarked on, with the goal of further improving how Gulf engages with its retailers, builds loyal relationships with its consumers, and delivers greater business outcomes. About Stuzo Stuzo, with its Open Commerce® product bundle and patent pending Wallet Steering® solution, empowers Convenience & Fuel Retailers to gain more share of wallet and customer lifetime value than possible with any other solution provider. Stuzo's Open Commerce products consist of: Activate for Intelligent 1:1 Loyalty, Transact for Contactless Commerce, Experience for Cross-Channel Customer Experiences, and Retailer Connect for Corporate-to-Retailer Program Management. Stuzo's solutions are supported by a set of program management services and Stuzo is the only supplier in the industry to contractually guarantee 50% more program members and 50% more program transactions for retailers that make the switch to Stuzo.

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Surfsand Resort Elevates Guest and Staff Experiences with Agilysys Property Management, Point-of-Sale, and Payment Processing Solutions

Businesswire | May 30, 2023

Surfsand Resort in Cannon Beach, Oregon has built its long-held reputation as a leading vacation spot in part based on its enviable location overlooking the iconic 235-foot-high Haystack Rock just off the Northwest Pacific Coast. In 2022 the resort further elevated its stature by updating all the property’s systems prior to a property-wide renovation and expansion starting in November 2023. Surfsand also reinforced its allure as a destination for special moments by introducing various packages of themed experiences and upgrades individual guests and groups can reserve in addition to their rooms. Coinciding with these advancements, Surfsand decided to upgrade its operational and digital capabilities by choosing property management, point-of-sale and payment processing software and systems from Agilysys. In addition to improving efficiency for both guests and staff, the new software will help Surfsand unify data on guest preferences across various property experiences so that each stay can be tailored in advance with special amenities and offers, and so that staff can personalize their interactions with guests before, during and after each stay. The property’s diverse offerings include those that are family-friendly, such as Taffy the Puffin birthday bashes, guided tide pool excursions, group photo shoots and beach bonfires featuring s’mores; those with romantic appeal such as sunset dining on the beach, couples spa retreats and art tours; and those designed for pet lovers, such as pet-friendly rooms, furry guest welcome baskets that provide a towel, a placemat, bowls for food and water and tasty treats at check-in, and activities designed for pet participation. Surfsand General Manager Phillip Wilson noted that systems that make these enriched guest experiences easy to discover and reserve are integral to the property’s evolution.Wilson said, “Our one-of-a-kind location supports delivering unique guest experiences, whether visitors are designing their dream weddings, celebrating family milestones, or connecting more closely as couples. When evaluating technology systems, it was essential that we be able to tailor them to fit our hotel and the special things we do for our guests. Our guests are looking to book more than rooms; they want to book something special. Our technology systems need to make it easy for guests to connect with all the amenities and thoughtfully designed experiences we offer, so Surfsand can be not only their favorite resort, but the one to which they return most often to enjoy personalized experiences they cannot find elsewhere.”While the ability to tailor the technology to Surfsand’s unique offerings is important, Wilson said his number one driver in selecting systems is customer service he can count on. “I have worked with Agilysys and numerous other hospitality technology providers, and Agilysys’ support is hands-down better than all the rest,” Wilson said. “All of us users know systems, no matter who provides them, will have problems or even fail from time to time. Knowing that skilled and intelligent support is there to help and that response times are quick is hugely important. Agilysys has that advantage,” he said. Wilson also noted that properties that are not part of a standardized brand structure greatly benefit from the ability to tailor reports and functions for their unique guest and market data requirements. “In non-branded hotels, operations change and different needs pop up, so we often need custom data sets,” Wilson observed. “Other hospitality technology providers, including the largest ones, charge customers for any report you ask to have built. Agilysys accommodates diversity in how properties operate without exacting that financial burden,” he concluded. A pleasant surprise was how quickly the Surfsand staff members were able to learn the new software as well as operate it proficiently. “When software is intuitive and easy to learn, user satisfaction is meaningfully higher,” Wilson said. “We were pleased with how quickly our staff members became comfortable operating even the advanced capabilities of the system,” he added. Jeba Kingsley, Agilysys vice president of professional services, commented that Surfsand’s goals make the property an ideal customer for Agilysys solutions. “Helping Surfsand create deeper understanding of guests and staff over time so they can continuously evolve personalized, unique and enhanced experiences is the perfect role for Agilysys solutions,” Kingsley said. “Our solutions provide best-of-breed operating performance when deployed standalone, and also are designed to work together across a hospitality ecosystem to deliver exponential value as each solution contributes data to create and utilize a unified profile for each guest over time. We get energized when working with customers such as Surfsand who recognize the long-term advantage of using their hospitality technology systems to enhance guest and staff experiences and to take satisfaction to a higher level,” Kingsley added. Versatile PMS Capabilities Support Efficiency and Deeper Guest Knowledge Key drivers for Surfsand’s PMS selection were the ability to manage a diverse mix of accommodations and amenities; the ability to leverage efficient cloud-based operations while also maintaining offline operating integrity during Internet challenges; and rich digital and mobile options for both guests and staff.The system also equips staff to see and book available upgrades, dining and activity reservations and Experience Enhancement packages in a single session from a single comprehensive view without switching among different systems. In turn, guests also can experience personalized offers when booking in advance and while they are checking in. Intuitive interfaces, simplified workflows, and groupings of commonly used tasks also make user training simpler and faster. Proven Point-of-Sale and Payment Solutions Maximize Security and Convenience Agilysys POS and payment solutions enable Surfsand to use a wide range of traditional fixed-station POS terminals and mobile devices (across Microsoft Windows, Android and iOS operating systems) to match the needs and style of different venues and revenue centers across the property.Guests can pay for restaurant checks and other transactions using their mobile phones through one of the first point-to-point encryption (P2PE) payment solutions for hospitality validated by the PCI Security Standards Council. Surfsand can deliver secure electronic payments across guest experiences, including countertop, table service, EMV, mobile tablet, and signature capture scenarios. They also can choose from a broad array of U.S. credit card processors and can easily change equipment as technology evolves. “Agilysys has been a terrific partner in helping us to map out our hospitality technology evolution, and we look forward to continuing to create new ways to delight guests leveraging the advanced capabilities these systems enable,” Wilson concluded. About Agilysys Agilysys is well known for its long heritage of hospitality-focused technology innovation. The Company delivers modular and integrated software solutions and expertise to businesses seeking to maximize Return on Experience (ROE) through hospitality encounters that are both personal and profitable. Over time, customers achieve High Return Hospitality by consistently delighting guests, retaining staff and growing margins. Customers around the world include: branded and independent hotels; multi-amenity resort properties; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. The Agilysys Hospitality Cloud™ combines core operational systems for property management (PMS), point-of-sale (POS) and Inventory and Procurement (I&P) with Experience Enhancers™ that meaningfully improve interactions for guests and employees across dimensions such as digital access, mobile convenience, self-service control, personal choice, payment options, service coverage and real-time insights to improve decisions. Core solutions and Experience Enhancers are combined in Hospitality Solution Studios™ tailored to specific hospitality settings and business needs.

Read More

POS RETAIL

TerraPay welcomes Visa as a strategic investor and global partner as digital cross-border trade accelerates

PRnewswire | May 11, 2023

TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is the first solution to connect to TerraPay's network of wallet providers. The enablement of Visa Direct to TerraPay's global partner integrations of mobile wallets and bank accounts can empower seamless and fast person-to-person remittances for individuals, as well as business pay-outs for small and medium businesses (SMBs), across 108 receive countries. Global cross-border trade has seen steady growth, largely from emerging markets. By 2025, cross-border trade is expected to reach a value of US$8Tn[1]. Despite this boom and the rise of digital payments globally, cross-border business payments continue to be complex and riddled with challenges, especially for SMBs. For these businesses, the process of sending money can often come with delays, high costs, lack of standardization, and inefficiency. TerraPay and Visa's collaboration will pave the path for holistic pay-in and pay-out solutions that can enhance the usage of eligible commercial cards for SMEs, extending to include added global money-movement capabilities, including cards, accounts, and wallets. At the same time, merchants can use TerraPay's Request-to-Pay wallet solution, globally. Speaking on this announcement, Ambar Sur, Founder and CEO, TerraPay, said, "It gives me great pride to say that TerraPay's relationship with Visa is so much more than a collaboration. With Visa joining us as a key investor, this strategic alliance truly reflects a huge stride forward for global digital payments. We are thrilled to give shape to our joint vision of building a connected and empowered world of digital payments." Ruben Salazar Genovez, Global Head, Visa Direct, said, "We are thrilled that our investment in and collaboration with TerraPay is going to help further enhance the reach of Visa Direct and help spur financial inclusion. More people and SMBs, including underbanked and underserved communities around the world, will soon have access to inbound digital cross-border payment capabilities directly on their mobile devices." Ambar Sur also added, "Combining Visa's scale with our global payments infrastructure, we will be able to help Visa customers enhance their pay-out experiences and scale their businesses faster. Our collaboration also serves the larger purpose of enhancing the way of life for these individuals and businesses, enabling them with a more connected and accessible global payments ecosystem." About TerraPay Headquartered in the United Kingdom, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The group has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 27 global markets, TerraPay is one of the leading global partners to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to an extensive network of 7.5Bn+ bank accounts, 2.1Bn+ mobile wallets, across 108 receive countries and 205 send countries, TerraPay enables its partners to become beacons of the promise of global financial inclusion.

Read More

POS RETAIL

Stuzo Launches Gulf Oil's New Wallet Steering Program Network-Wide

Newswire | May 04, 2023

Stuzo, the only provider of its patent-pending Wallet Steering® solution, powered by its Open Commerce® product bundle, announced today the network-wide launch of Gulf Oil's new Gulf Pay program. "We're excited to be partnered with Stuzo for the re-launch of Gulf Pay, including a robust loyalty offering and a more rewarding experience for the user," said Nikki Fales, vice president, marketing & payments at Gulf Oil. "Our partnership with Stuzo sets the stage for future enhancements that will further benefit our network of Gulf distributors and dealers and their customers." Gulf Pay launched with a new everyday savings of 3¢ off per gallon of fuel for all program members who are fully enrolled and complete purchases using Gulf Pay as their payment method. New program members and those who migrate from Gulf's previous app will enjoy a one-time rollback of 15¢ off per gallon of fuel when paying with the Gulf Pay web or iOS/Android mobile app experiences. Currently, all major network open loop cards, Apple Pay, and Google Pay are supported for in-app payments, both at the pump and in store. "Our partnership with Stuzo is a game changer," continued Fales. "With access to Stuzo's Wallet Steering solution, we can better understand our consumers' fuel purchasing behavior in a new way. Stuzo enables us to apply this data in real-time to drive incremental fuel gallons by targeting consumers with hyper-personalized offers." Stuzo's Wallet Steering product features and proprietary Wallet Steering method will enable Gulf to track its existing share of program member Wallet Capacity and programmatically capture its incremental Wallet Opportunity. Stuzo will empower Gulf to grow its member base, grow member engagement rates, grow fuel and in-store transaction volume, grow basket size, and increase its share of members' fuel Wallets profitably and at scale across its entire network of distributors, dealers and consumers. "Gulf is a well-respected fuel brand with an incredible 120+ year heritage," said Jake Kiser, chief customer officer, Stuzo. "We're honored to support Gulf in its commitment to delivering exceptional customer service and quality fuels while strengthening the communities it touches. The re-launch of Gulf Pay is just the beginning of a multi-year journey Gulf and Stuzo have embarked on, with the goal of further improving how Gulf engages with its retailers, builds loyal relationships with its consumers, and delivers greater business outcomes. About Stuzo Stuzo, with its Open Commerce® product bundle and patent pending Wallet Steering® solution, empowers Convenience & Fuel Retailers to gain more share of wallet and customer lifetime value than possible with any other solution provider. Stuzo's Open Commerce products consist of: Activate for Intelligent 1:1 Loyalty, Transact for Contactless Commerce, Experience for Cross-Channel Customer Experiences, and Retailer Connect for Corporate-to-Retailer Program Management. Stuzo's solutions are supported by a set of program management services and Stuzo is the only supplier in the industry to contractually guarantee 50% more program members and 50% more program transactions for retailers that make the switch to Stuzo.

Read More

POS RETAIL

Surfsand Resort Elevates Guest and Staff Experiences with Agilysys Property Management, Point-of-Sale, and Payment Processing Solutions

Businesswire | May 30, 2023

Surfsand Resort in Cannon Beach, Oregon has built its long-held reputation as a leading vacation spot in part based on its enviable location overlooking the iconic 235-foot-high Haystack Rock just off the Northwest Pacific Coast. In 2022 the resort further elevated its stature by updating all the property’s systems prior to a property-wide renovation and expansion starting in November 2023. Surfsand also reinforced its allure as a destination for special moments by introducing various packages of themed experiences and upgrades individual guests and groups can reserve in addition to their rooms. Coinciding with these advancements, Surfsand decided to upgrade its operational and digital capabilities by choosing property management, point-of-sale and payment processing software and systems from Agilysys. In addition to improving efficiency for both guests and staff, the new software will help Surfsand unify data on guest preferences across various property experiences so that each stay can be tailored in advance with special amenities and offers, and so that staff can personalize their interactions with guests before, during and after each stay. The property’s diverse offerings include those that are family-friendly, such as Taffy the Puffin birthday bashes, guided tide pool excursions, group photo shoots and beach bonfires featuring s’mores; those with romantic appeal such as sunset dining on the beach, couples spa retreats and art tours; and those designed for pet lovers, such as pet-friendly rooms, furry guest welcome baskets that provide a towel, a placemat, bowls for food and water and tasty treats at check-in, and activities designed for pet participation. Surfsand General Manager Phillip Wilson noted that systems that make these enriched guest experiences easy to discover and reserve are integral to the property’s evolution.Wilson said, “Our one-of-a-kind location supports delivering unique guest experiences, whether visitors are designing their dream weddings, celebrating family milestones, or connecting more closely as couples. When evaluating technology systems, it was essential that we be able to tailor them to fit our hotel and the special things we do for our guests. Our guests are looking to book more than rooms; they want to book something special. Our technology systems need to make it easy for guests to connect with all the amenities and thoughtfully designed experiences we offer, so Surfsand can be not only their favorite resort, but the one to which they return most often to enjoy personalized experiences they cannot find elsewhere.”While the ability to tailor the technology to Surfsand’s unique offerings is important, Wilson said his number one driver in selecting systems is customer service he can count on. “I have worked with Agilysys and numerous other hospitality technology providers, and Agilysys’ support is hands-down better than all the rest,” Wilson said. “All of us users know systems, no matter who provides them, will have problems or even fail from time to time. Knowing that skilled and intelligent support is there to help and that response times are quick is hugely important. Agilysys has that advantage,” he said. Wilson also noted that properties that are not part of a standardized brand structure greatly benefit from the ability to tailor reports and functions for their unique guest and market data requirements. “In non-branded hotels, operations change and different needs pop up, so we often need custom data sets,” Wilson observed. “Other hospitality technology providers, including the largest ones, charge customers for any report you ask to have built. Agilysys accommodates diversity in how properties operate without exacting that financial burden,” he concluded. A pleasant surprise was how quickly the Surfsand staff members were able to learn the new software as well as operate it proficiently. “When software is intuitive and easy to learn, user satisfaction is meaningfully higher,” Wilson said. “We were pleased with how quickly our staff members became comfortable operating even the advanced capabilities of the system,” he added. Jeba Kingsley, Agilysys vice president of professional services, commented that Surfsand’s goals make the property an ideal customer for Agilysys solutions. “Helping Surfsand create deeper understanding of guests and staff over time so they can continuously evolve personalized, unique and enhanced experiences is the perfect role for Agilysys solutions,” Kingsley said. “Our solutions provide best-of-breed operating performance when deployed standalone, and also are designed to work together across a hospitality ecosystem to deliver exponential value as each solution contributes data to create and utilize a unified profile for each guest over time. We get energized when working with customers such as Surfsand who recognize the long-term advantage of using their hospitality technology systems to enhance guest and staff experiences and to take satisfaction to a higher level,” Kingsley added. Versatile PMS Capabilities Support Efficiency and Deeper Guest Knowledge Key drivers for Surfsand’s PMS selection were the ability to manage a diverse mix of accommodations and amenities; the ability to leverage efficient cloud-based operations while also maintaining offline operating integrity during Internet challenges; and rich digital and mobile options for both guests and staff.The system also equips staff to see and book available upgrades, dining and activity reservations and Experience Enhancement packages in a single session from a single comprehensive view without switching among different systems. In turn, guests also can experience personalized offers when booking in advance and while they are checking in. Intuitive interfaces, simplified workflows, and groupings of commonly used tasks also make user training simpler and faster. Proven Point-of-Sale and Payment Solutions Maximize Security and Convenience Agilysys POS and payment solutions enable Surfsand to use a wide range of traditional fixed-station POS terminals and mobile devices (across Microsoft Windows, Android and iOS operating systems) to match the needs and style of different venues and revenue centers across the property.Guests can pay for restaurant checks and other transactions using their mobile phones through one of the first point-to-point encryption (P2PE) payment solutions for hospitality validated by the PCI Security Standards Council. Surfsand can deliver secure electronic payments across guest experiences, including countertop, table service, EMV, mobile tablet, and signature capture scenarios. They also can choose from a broad array of U.S. credit card processors and can easily change equipment as technology evolves. “Agilysys has been a terrific partner in helping us to map out our hospitality technology evolution, and we look forward to continuing to create new ways to delight guests leveraging the advanced capabilities these systems enable,” Wilson concluded. About Agilysys Agilysys is well known for its long heritage of hospitality-focused technology innovation. The Company delivers modular and integrated software solutions and expertise to businesses seeking to maximize Return on Experience (ROE) through hospitality encounters that are both personal and profitable. Over time, customers achieve High Return Hospitality by consistently delighting guests, retaining staff and growing margins. Customers around the world include: branded and independent hotels; multi-amenity resort properties; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. The Agilysys Hospitality Cloud™ combines core operational systems for property management (PMS), point-of-sale (POS) and Inventory and Procurement (I&P) with Experience Enhancers™ that meaningfully improve interactions for guests and employees across dimensions such as digital access, mobile convenience, self-service control, personal choice, payment options, service coverage and real-time insights to improve decisions. Core solutions and Experience Enhancers are combined in Hospitality Solution Studios™ tailored to specific hospitality settings and business needs.

Read More

POS RETAIL

TerraPay welcomes Visa as a strategic investor and global partner as digital cross-border trade accelerates

PRnewswire | May 11, 2023

TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is the first solution to connect to TerraPay's network of wallet providers. The enablement of Visa Direct to TerraPay's global partner integrations of mobile wallets and bank accounts can empower seamless and fast person-to-person remittances for individuals, as well as business pay-outs for small and medium businesses (SMBs), across 108 receive countries. Global cross-border trade has seen steady growth, largely from emerging markets. By 2025, cross-border trade is expected to reach a value of US$8Tn[1]. Despite this boom and the rise of digital payments globally, cross-border business payments continue to be complex and riddled with challenges, especially for SMBs. For these businesses, the process of sending money can often come with delays, high costs, lack of standardization, and inefficiency. TerraPay and Visa's collaboration will pave the path for holistic pay-in and pay-out solutions that can enhance the usage of eligible commercial cards for SMEs, extending to include added global money-movement capabilities, including cards, accounts, and wallets. At the same time, merchants can use TerraPay's Request-to-Pay wallet solution, globally. Speaking on this announcement, Ambar Sur, Founder and CEO, TerraPay, said, "It gives me great pride to say that TerraPay's relationship with Visa is so much more than a collaboration. With Visa joining us as a key investor, this strategic alliance truly reflects a huge stride forward for global digital payments. We are thrilled to give shape to our joint vision of building a connected and empowered world of digital payments." Ruben Salazar Genovez, Global Head, Visa Direct, said, "We are thrilled that our investment in and collaboration with TerraPay is going to help further enhance the reach of Visa Direct and help spur financial inclusion. More people and SMBs, including underbanked and underserved communities around the world, will soon have access to inbound digital cross-border payment capabilities directly on their mobile devices." Ambar Sur also added, "Combining Visa's scale with our global payments infrastructure, we will be able to help Visa customers enhance their pay-out experiences and scale their businesses faster. Our collaboration also serves the larger purpose of enhancing the way of life for these individuals and businesses, enabling them with a more connected and accessible global payments ecosystem." About TerraPay Headquartered in the United Kingdom, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The group has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 27 global markets, TerraPay is one of the leading global partners to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to an extensive network of 7.5Bn+ bank accounts, 2.1Bn+ mobile wallets, across 108 receive countries and 205 send countries, TerraPay enables its partners to become beacons of the promise of global financial inclusion.

Read More

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