TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
- No positive highlights identified
Negative highlights
- Is relatively new
- No employer brand presence on career platforms
- May not have contact information online
- No official business profile found on major search engines
Corporate Information
64993
Remittance services
Contact Information for TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD.
TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD.'s Business Reviews
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Public Preview of TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD.
This is only a preview of the TrustScore results for TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD., showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
Key Characteristics
- Established Identity: TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. has a clear mission, vision, and values but may still change or update its messaging to reflect growth or new goals.
- Growing Awareness: It has a recognisable presence in its niche or industry but is working to expand its market reach. May be investing more in advertising, social media and partnerships.
- Scaling Operations: The brand is investing in infrastructure, personnel and processes to support future growth.
- Expanding Offerings: TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. is capable of introducing new products, services, or features to meet customer needs.
- Building Loyalty: Focused on deepening and entrenching relationships with existing customers while attracting new ones.
- Adapting and aligning to feedback: TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. is actively employing customer insights and market trends to improve the business
Why It Matters
- TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. represents growth, adaptability, and potential within the remittance services sector.
- Having moved beyond the initial startup phase after 4 years, it's positioning for long-term success.
- Its ability to evolve and innovate often determines whether it becomes an industry leader.
The company's address is not in use by other companies, providing a unique and credible business location. TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueAssociated News for TERRA PAYMENT SERVICES (SINGAPORE) PTE. LTD.
“As we continue to grow, we’re excited to prioritize the development of strategic cross-border payment partnerships and innovative solutions to help simplify global money movement,” said Sheshagiri Malliah, Managing Director, Terra Payment Services Pte Ltd. TerraPay now has 11 licenses and 19 regulatory approvals in 30 markets, globally. The company is hoping that it will be able to leverage on Singapore as Southeast Asia’s financial hub, and capitalize on this new MPI license to strengthen existing and new partnerships in the region while also accelerating their APAC presence. MAS granted MPI license to Nuvei a day later and the company said that it will be able to extend its global reach and enable customers in the region to benefit from the additional service.
“As we continue to grow, we’re excited to prioritize the development of strategic cross-border payment partnerships and innovative solutions to help simplify global money movement,” said Sheshagiri Malliah, Managing Director, Terra Payment Services Pte Ltd. TerraPay now has 11 licenses and 19 regulatory approvals in 30 markets, globally. The company is hoping that it will be able to leverage on Singapore as Southeast Asia’s financial hub, and capitalize on this new MPI license to strengthen existing and new partnerships in the region while also accelerating their APAC presence. MAS granted MPI license to Nuvei a day later and the company said that it will be able to extend its global reach and enable customers in the region to benefit from the additional service.
United Kingdom's TerraPay receives Singapore license for money transfer services - TNGlobal
“Being granted this license by the Monetary Authority of Singapore is a big milestone for TerraPay, especially as we expand our reach and services across geographical borders,” said Sheshagiri Malliah, managing director of Terra Payment Services Pte Ltd. “This achievement underscores our ongoing dedication to upholding the highest standards of regulatory compliance and reinforces our commitment to providing transparent, frictionless, and simplified payment services, “As we continue to grow, we’re excited to prioritize the development of strategic cross-border payment partnerships and innovative solutions to help simplify global money movement,” he added.
8 April 2024
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.