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Partnerships
TerraPay collaborates with Thredd to power virtual card payments in travel industry
FinTech Infrastructure
Jun 19, 2024
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FinTech Infrastructure

FinTech Infrastructure

Jun 19, 2024

TerraPay collaborates with Thredd to power virtual card payments in travel industry

Partnerships

  • UK-based TerraPay, a cross-border payment infrastructure provider, has partnered with London-based Thredd, a card-issuing platform, to power its virtual card payments solution for the travel industry.

  • Through this collaboration, TerraPay will use Thredd’s virtual card technology to enhance its payment network and provide payment solutions to B2B travel agents and intermediaries, allowing faster payments and bypassing barriers such as currency conversion.

  • The partnership between TerraPay and Thredd aims to tap into the growing B2B virtual card market, which is expected to reach USD 300 billion by 2027.

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