NEWS
Bank Alfalah and TerraPay to launch home remittance service to Pakistan
NTT launches new private cloud in Hong Kong and Singapore
TerraPay , a global payments infrastructure company , and Bank Alfalah have announced a partnership for offering remittance payment services in Pakistan .
Through this partnership , overseas Pakistanis will be able to use TerraPay ’ s partners ’ network to instantly deposit money to any bank account in Pakistan . With this service , Bank Alfalah is reinforcing its commitment to facilitating overseas partners including renowned fintechs , money transfer operators and money service businesses engaged in cross-border remittances . This is in line with the bank ’ s strategy to enable smarter and faster ways of sending home remittances to Pakistan .
TerraPay has established itself as a global partner to leading banks , money transfer operators , mobile wallet operators and financial institutions to facilitate digital transactions without borders . As a B2B company , TerraPay partners with other businesses and helps them leverage its agile , secure and scalable technology platform to enhance their customer proposition for remittances , payments and cross border spends . TerraPay is regulated in over 45 countries around the world .
Bilal Asghar , Bank Alfalah ’ s Group Head for Corporate , Investment Banking and International Business Group , said : “ It gives us immense pleasure to partner with TerraPay , another institution co-sponsored by IFC , to enhance our global coverage and make international remittances more convenient for [ all ] bank account holders and unbanked customers in Pakistan .”
NTT , a world-leading global technology services provider , has unveiled its new hybrid cloud value proposition and is announcing the launch of its private cloud for enterprise service in Hong Kong and Singapore .
Private Cloud for Enterprise is a core component of NTT ’ s Intelligent Data Center and Hybrid Cloud capability and is integral to helping accelerate its clients ’ Digital Transformation .
Ramnik Kamo , EVP , Global Operations and CIO , Mavenir , said : “ NTT ’ s cloud solutions continue to evolve to meet the demands of a dynamically changing landscape .
“ We are proactive in our development of high-performance software solutions and with Private Cloud for Enterprise , we are able to leverage the most up-to-date technology to deliver enhanced network economics to our customers .
“ With leading SLAs , security and compliance features , this cloud solution helps us meet our customers ’ business imperatives and rapidly expand into new markets , on a global scale .”
The use of hybrid IT has become essential in driving global business growth , agility and Digital Transformation . NTT has brought together its collective expertise and capabilities in networking , security , workplace , data centers , cloud and managed services from 31 businesses to create one global technology service provider and portfolio , enabling clients to benefit from a full-stack integrated hybrid cloud service offering .
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