Initially focused on the Italian market , this partnership will enable businesses to access a unified platform that streamlines payment processes , reduce operational costs , and ensure compliance with regulatory requirements .

It represents a significant milestone in Fabrick ’ s international growth and consolidation strategy , building on its strong presence in Italy , Spain and the United Kingdom . Following the recent acquisition of finAPI , which enabled Fabrick to enter the strategically important DACH region , Fabrick has continued to solidify its position at the forefront of Europe ’ s digital payments landscape .

With TerraPay ’ s extensive global network spanning 7.5 billion bank accounts , 12 billion cards and 2.4 billion digital wallets across 145 countries and by leveraging Fabrick ’ s Banking-as-a-Service platform model , the two are creating a unified platform with tailored offerings that streamline payment processes , enhance security and elevate the customer experience for businesses and financial institutions . Moreover , TerraPay ’ s global infrastructure aligns with Fabrick ’ s mission to support Open Finance across different domains , including cross-border payments .

TerraPay , regulated by the FCA , the Bank of Italy , and in 30 other jurisdictions globally , excels in international anti-money laundering ( AML ) and fraud prevention regulations , while Fabrick offers deep knowledge of Italian and EU compliance standards . Hence , both have a shared expertise in navigating the complexities of their respective regulatory environments .

Reinforcing their commitment to innovation and collaboration within the FinTech sector , TerraPay will also become a member of FinTech District , Fabrick ’ s FinTech ecosystem aggregator . This will give TerraPay access to a network of over 300 FinTech and techfin companies , enhancing its ability to deliver cutting-edge payment solutions and stay ahead of emerging trends in Italy and beyond .

Paolo Zaccardi , CEO and Co-founder of Fabrick , stated : “ We are delighted to announce our partnership with TerraPay , providing us with a gateway to the world ’ s most extensive cross-border payments network . By integrating TerraPay ’ s vast global reach with our innovative solutions , we not only enhance our service offerings but also reinforce Fabrick ’ s broader strategy of global expansion .

“ This move therefore signifies an important step forward in consolidating our presence in key international markets , enabling us to deliver a comprehensive suite of payment services tailored to the rapidly evolving needs of the financial services sector worldwide , enabling businesses internationally to navigate the complexities of cross-border payments with greater efficiency and security ”.

Ani Sane , Co-founder and Chief Business Officer at TerraPay , added : “ Our collaboration with Fabrick marks a significant milestone in our efforts to expand our footprint in Europe . By combining our expertise in payment infrastructure with Fabrick ’ s innovative approach to banking services , we are poised to deliver our value proposition to help Italian and European enterprises and banks to streamline complexity of cross border payment .” �

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