TerraPay Gains AUSTRAC Approval to Expand Operations in Australia and the Pacific

TerraPay, a global leader in cross-border money movement, has officially secured registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as both an Independent Remittance Provider (IRP) and a Remittance Network Provider (RNP).

This regulatory milestone allows TerraPay to operate directly in the Australian market while supporting a robust network of domestic and international partners. With this approval, TerraPay is poised to meet the rising demand for seamless, transparent, and compliant cross-border financial services in Australia, Oceania, and the Pacific Islands—regions of high cultural diversity and strategic importance for remittances, trade, and financial inclusion.

Home to over 7.7 million migrants, Australia is one of the most globally connected countries in the world. It also acts as a financial hub for Pacific nations such as Fiji, Samoa, Tonga, Papua New Guinea, and Vanuatu, playing a dual role in both sending and receiving global payments—from international students and migrant workers to SMEs and freelancers.

With a strong global presence and an established partner network, TerraPay’s entry into Australia opens new pathways for two-way cross-border payments between the Pacific region and the rest of the world.

This registration aligns with TerraPay’s broader strategy to invest in Oceania and the Pacific, regions where scalable, inclusive, and compliant financial infrastructure is urgently needed.

With AUSTRAC registration, TerraPay will be able to:

• Empower fintechs, PSPs, and MSBs by providing access to global payout networks and local collection capabilities.
• Drive mobile wallet interoperability across Pacific nations by partnering directly with mobile money providers.
• Build infrastructure to support education payments, cross-border B2B FX, gig economy payouts, and aid disbursements.

Sukesh Malliah, Vice President – Asia Pacific:
“Oceania and the Pacific are often overlooked, yet they’re home to some of the world’s most remittance-dependent economies. Our investment in Australia is about more than market access—it’s about building lasting capabilities for faster, more affordable, and more inclusive financial services across the region.”

Ritesh Singh, Senior Director – Australia & Pacific:
“This license marks the start of a long-term commitment to Australia and its Pacific neighbours. We’re here to collaborate—with fintechs, banks, platforms, and local communities—to co-create innovative solutions for efficient money movement. This is just the beginning.”