Whalet Joins Forces with TerraPay to Empower SMEs with Seamless Global Payouts

SINGAPORE, June 11, 2025 /PRNewswire/ -- Whalet, a leading digital payment provider, has announced a strategic partnership with TerraPay, a global money movement company, to deliver seamless cross-border payout solutions worldwide. This collaboration is designed to empower Whalet's core customers—cross-border sellers from the Asia-Pacific region—by simplifying international financial transactions and boosting payment efficiency.

"This partnership enhances global payouts, ensuring businesses can move funds effortlessly," said Sukesh Malliah, Vice President - IMT (APAC), TerraPay. "By working with Whalet, we're enabling a more accessible and efficient payout experience for SMEs and marketplace sellers, empowering businesses to operate seamlessly across multiple regions."

Through this partnership, Whalet will leverage TerraPay's technology to expand its payout capabilities, offering businesses secure and compliant payment corridors across multiple regions. The integration will streamline transactions, reduce settlement complexities, and enhance operational efficiency for SMEs.

"Partnering with TerraPay strengthens our ability to offer reliable payouts for cross-border trade enterprises and e-commerce marketplace sellers," said Nicholas Liao, Founder & CEO, Whalet. "This collaboration ensures our customers can efficiently manage transactions while optimizing financial processes worldwide."

Whalet specializes in supporting SMEs with comprehensive global payment solutions, including one-click store setup, global accounts, pay-ins, payouts, currency exchange, and card issuance. With payment licenses in Singapore, the U.S., and Hong Kong SAR, Whalet ensures compliant and cost-effective financial operations for businesses expanding into international markets.

Global payment interoperability is critical for businesses growing internationally, with digital wallets increasingly playing a pivotal role in simplifying cross-border transactions. Research highlights a rising demand for scalable, multi-rail payment solutions that cater to diverse financial ecosystems.

As the need for frictionless transactions grows, Whalet and TerraPay are dedicated to providing businesses with reliable payout networks tailored to their expansion goals. Together, they are building a global financial ecosystem that empowers SMEs to thrive in the international marketplace.

About Whalet

Whalet empowers small and medium-sized enterprises (SMEs) to navigate global commerce with confidence by providing secure, compliant, and cost-effective cross-border payment solutions. Licensed in Singapore, the U.S., and Hong Kong SAR, Whalet supports transactions in 39 major currencies, offering services such as one-click global store setup, multi-currency accounts, pay-ins and payouts, currency exchange, and card issuance. Through strategic partnerships with leading financial institutions, Whalet simplifies international expansion for businesses, enabling seamless access to global markets while ensuring regulatory adherence. Committed to innovation, Whalet combines agile fintech solutions with localized expertise to help SMEs thrive in the complex landscape of cross-border trade.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 150+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant.

Founded in 2014, TerraPay has built the global digital wallet interoperable network, driving financial inclusion even in the most remote markets. TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues its rapid global expansion.

Shirley Lan