TerraPay has partnered with fintech platform Raenest to enhance cross-border payment capabilities for freelancers receiving income from international clients. The partnership aims to accelerate payouts and improve access to local currency settlements for remote workers in markets including the Philippines and India.
Key Facts At A Glance
- TerraPay partnered with Raenest to improve cross-border payouts
- The integration targets freelancers and remote workers receiving global payments
- Users can receive payments from the US, UK, and Europe in local currencies
- Raenest serves more than one million customers globally
- The platform has processed more than US$2 billion in transaction volume
- The partnership focuses on expanding payout infrastructure in emerging markets
Global payments infrastructure provider TerraPay has entered a partnership with fintech platform Raenest to enhance cross-border payment services for freelancers and remote workers receiving income from international clients.
The integration enables Raenest users to receive international payments more quickly through TerraPay’s global payments network, which connects financial institutions, mobile wallets, and money transfer operators across multiple regions.
Under the partnership, freelancers working with clients in major markets such as the United States, United Kingdom, and parts of Europe will be able to receive payments directly into accounts in their local currencies. This is designed to simplify cross-border payment flows and reduce delays often associated with international bank transfers.
Raenest provides financial infrastructure designed for remote workers and digital entrepreneurs operating across borders. The company reports serving more than one million customers globally and processing over US$2 billion in total transaction volume through its platform.
Cross-border payouts represent a growing segment of the global payments market as the remote workforce continues to expand. Payment providers are increasingly building specialized infrastructure to support freelancers and digital service providers who operate across multiple jurisdictions.
TerraPay operates a global payments network that enables real-time and near real-time transfers between banks, mobile wallets, and financial institutions. The company’s infrastructure is used by payment providers, banks, and digital financial platforms to facilitate international money movement.
By integrating TerraPay’s payout capabilities, Raenest aims to reduce payment friction for freelancers who rely on timely settlement of international income streams. Faster payouts and local currency settlement can help remote workers avoid delays and foreign exchange complexities associated with traditional banking channels.
The partnership reflects a broader trend within fintech toward building specialized cross-border payment infrastructure for gig economy participants and remote professionals. Southeast Asia, particularly the Philippines, has become a major hub for freelancers serving global clients.
As demand for international freelance work continues to grow, fintech companies are developing payment solutions designed to improve settlement speed, reduce transaction costs, and increase accessibility to global income streams.
