WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Revenue Friday, April 28, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


TerraPay Supports the GSMA's Effort to Promote Standardised Mobile Money APIs
Thursday, March 16, 2017

AMSTERDAM, March 16, 2017 /PRNewswire/ --

TerraPay [https://terrapay.com ], a mobile-first international payment network, today announced that it has been working with the GSMA to ensure TerraPay compatibility with the recently rolled out standardized mobile money APIs. TerraPay will provide support by providing a staging environment for the new GSMA Mobile Money API Developer portal that will enable the wider technical community to learn how to use its APIs.

(Logo: http://photos.prnewswire.com/prnh/20160829/402033LOGO )

The GSMA Mobile Money Programme has led a consultative design process together with its partners and industry stakeholders, culminating in a published set of standardized mobile money APIs that combine best practices in the technology industry. These APIs cater for a core set of mobile money use cases including interoperability between mobile money and banks, or among mobile money providers and merchant payments, including: fulfilment status of transactions; bill payments; basic account management; international transfers, including request for quotation; and bulk transactions, amongst other important industry-based requirements and use cases.

Ambar Sur, Founder and CEO of TerraPay said, "We help to provide a standardized, off-the-shelf operating environment for all mobile wallet service providers wishing to offer affordable, secure and reliable transnational payment products faster to their consumers. This is important because the mobile wave for international remittance growth is just beginning. An increasing number of mobile wallet providers are now ready to open networks and make low-value international payments an integral part of their businesses."

TerraPay has supported the industry-led initiative, by providing a staging environment to the GSMA Mobile Money API Developer portal, where the wider mobile money industry and associated technical verticals can test and learn to develop against these standardized APIs in an interactive environment. It is also recognised as having submitted a compatibility measurement publication of its available services with the GSMA.

Adoption of the harmonized APIs will bring consistency and encourage quicker partner on-boarding across diverse industry players. It will facilitate seamless integration between the different mobile money industry platforms and reduce bottlenecks that delay partners from leveraging the wider mobile money ecosystem.

            PR Contact 
        Sundeep Mehta 
        Global PR Manager 
        TerraPay, Netherlands 
        E-mail - contactus@terrapay.com  

 


    Photo: 
    http://photos.prnewswire.com/prnh/20160829/402033LOGO


SOURCE TerraPay



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Saudi Arabia Consumer Finance Market, Competition Forecast & Opportunities, 2022 - Demand for Sharia-Compliant Consumer Finance Products - Research and Markets | Apr 28, 2017
Nav Selected No. 31 Overall by the San Francisco 49ers in the First-round, Reuben Foster Celebrates Life-changing Moment with Family and Friends at VaporFi's 2017 NFL Draft Party | Apr 28, 2017
Nav Edible San Diego Teaming Up With Lick the Plate on KBZT-FM, KSON-FM, and KXSN-FM to Bring the Popular Culinary Show to its Print and Digital Publications | Apr 28, 2017
Nav Madvapes Opens Flagship Store In Statesville, NC | Apr 27, 2017
Nav Jack White Signs First-Ever Global Publishing Agreement With Universal Music Publishing Group | Apr 27, 2017
Nav Notice of Data Security Incident | Apr 26, 2017
Nav Talk Fusion CEO Brings Marketing and Technology Expertise to Rebranded HuffPost | Apr 26, 2017
Nav Consumers Reach into Their Pockets as U.S. Out-of-Pocket Healthcare Spending Reaches $486 Billion: Report | Apr 26, 2017
Nav 99designs Launches Comprehensive, End-to-End Book Design Solution for Self-Publishers | Apr 26, 2017
Nav Veritas Study: Organizations Worldwide Fear Non-compliance with New European Union Data Regulation Could Put Them Out of Business | Apr 25, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News