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- TerraPay will enable faster go-to-market and launch via its global payment interoperability platform Xend
DUBAI, UAE, Dec. 11, 2025 /PRNewswire/ -- Mastercard has joined forces with TerraPay, a global money movement company, to equip its wallet partners including mobile money wallets, fintechs, and banks, with the latest digital payment capabilities.
Through this collaboration, wallet customers will be able to transact seamlessly at more than 150 million Mastercard acceptance locations worldwide using NFC payment, while wallet providers will benefit from the advanced infrastructure and technology jointly delivered by both organizations. TerraPay will also enable faster go-to-market and simplified launch processes through Xend, its newly introduced global payment interoperability platform.
"At TerraPay, our mission is to make every wallet roam — to work anywhere, just like your card does. For years, we've connected banks, wallets, and money transfer organizations across 150+ countries. Our collaboration with Mastercard takes that mission a step further. Together, we're bringing true payment interoperability to wallets globally, enabling them to pay at millions of acceptance points and empowering people everywhere to move and pay safely, instantly, and without borders," said Ambar Sur, Founder & CEO, TerraPay.
According to the Mastercard annual 2024 report, 70% of in-person Mastercard transactions worldwide are contactless. This option is up to 10 times faster than other face-to-face payment methods. Contactless-enabled accounts also spend more on average than their non-contactless counterparts.
"At Mastercard, we are enabling innovation and global reach for digital wallets, which serve as important drivers of financial inclusion. Collaborations with key ecosystem players like Terrapay play a key role in scaling the positive impact via their multiple wallet partners and simplifying the implementation process," said Prakriti Singh, Executive Vice President, Core Payments, Mastercard, EEMEA.
Digital wallets have been fueling the secular shift in emerging markets. They can offer global scale and secure payment technology to consumers to increase usage. In addition to online payments, they can be used for contactless payments at points of sale (POS), which are gaining popularity among shoppers and merchants alike due to their speed and security.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com
About TerraPay
TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. Our network enables payments to receiving and sending countries worldwide, reaching a vast network of mobile wallets, bank accounts, and cards.
On a mission to create a borderless financial world, TerraPay makes money transfers instant, reliable, transparent, and fully compliant for its partners, connecting them to 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, in over 150+ countries. We work behind the scenes as the trusted partners for some of the world's most innovative financial players, from banks and digital wallets to MTOs, merchants and fintech platforms.
Since its founding, TerraPay has built a global interoperable wallet network that advances financial inclusion, even in hard-to-reach markets. TerraPay is headquartered in London, with offices in cities including Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore.
- TerraPay will enable faster go-to-market and launch via its global payment interoperability platform Xend
DUBAI, UAE, Dec. 11, 2025 /PRNewswire/ -- Mastercard has joined forces with TerraPay, a global money movement company, to equip its wallet partners including mobile money wallets, fintechs, and banks, with the latest digital payment capabilities.
Through this collaboration, wallet customers will be able to transact seamlessly at more than 150 million Mastercard acceptance locations worldwide using NFC payment, while wallet providers will benefit from the advanced infrastructure and technology jointly delivered by both organizations. TerraPay will also enable faster go-to-market and simplified launch processes through Xend, its newly introduced global payment interoperability platform.
"At TerraPay, our mission is to make every wallet roam — to work anywhere, just like your card does. For years, we've connected banks, wallets, and money transfer organizations across 150+ countries. Our collaboration with Mastercard takes that mission a step further. Together, we're bringing true payment interoperability to wallets globally, enabling them to pay at millions of acceptance points and empowering people everywhere to move and pay safely, instantly, and without borders," said Ambar Sur, Founder & CEO, TerraPay.
According to the Mastercard annual 2024 report, 70% of in-person Mastercard transactions worldwide are contactless. This option is up to 10 times faster than other face-to-face payment methods. Contactless-enabled accounts also spend more on average than their non-contactless counterparts.
"At Mastercard, we are enabling innovation and global reach for digital wallets, which serve as important drivers of financial inclusion. Collaborations with key ecosystem players like Terrapay play a key role in scaling the positive impact via their multiple wallet partners and simplifying the implementation process," said Prakriti Singh, Executive Vice President, Core Payments, Mastercard, EEMEA.
Digital wallets have been fueling the secular shift in emerging markets. They can offer global scale and secure payment technology to consumers to increase usage. In addition to online payments, they can be used for contactless payments at points of sale (POS), which are gaining popularity among shoppers and merchants alike due to their speed and security.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com
About TerraPay
TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. Our network enables payments to receiving and sending countries worldwide, reaching a vast network of mobile wallets, bank accounts, and cards.
On a mission to create a borderless financial world, TerraPay makes money transfers instant, reliable, transparent, and fully compliant for its partners, connecting them to 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, in over 150+ countries. We work behind the scenes as the trusted partners for some of the world's most innovative financial players, from banks and digital wallets to MTOs, merchants and fintech platforms.
Since its founding, TerraPay has built a global interoperable wallet network that advances financial inclusion, even in hard-to-reach markets. TerraPay is headquartered in London, with offices in cities including Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mastercard collaborates with TerraPay to unlock acceptance for digital wallet users globally
NEW YORK, Dec. 11, 2025 /PRNewswire/ -- DermRays, a leader in optical beauty technology, today announced a major advancement in the home-use hair removal industry with the upcoming launch of the DermRays V8S Enhanced Edition. Protected by a European Union Invention Patent, this device is the first at-home hair removal solution to utilize VCSEL (Vertical-Cavity Surface-Emitting Laser) diode laser technology. This launch marks the most significant technological leap in home-use diode laser hair removal in over a decade.
The V8S Enhanced Edition will debut soon on a major crowdfunding platform, offering early adopters access to clinic-grade laser performance at home.
Correcting a Decade of Confusion: True 810nm Laser vs. IPL
For years, the consumer market has been dominated by devices marketed as "laser," even though many of them actually rely on IPL (Intense Pulsed Light) technology. Unlike a true laser, IPL emits broad-spectrum light that is absorbed by both the skin and the hair, which limits the precision and efficiency of treatment.
"IPL lacks the selectivity and efficiency of a true laser," said a DermRays product engineering spokesperson. "The 810nm diode wavelength, recognized by dermatologists as the Gold Standard for permanent hair reduction, targets melanin in the follicle with precision. IPL scatters energy, which limits how much power can be safely delivered."
Although the FDA clearly distinguishes between "Laser" and "IPL," mislabeling in the market remains widespread. Many consumers still believe they are buying true laser devices when they are not. DermRays aims to restore clarity by introducing the first VCSEL-powered at-home diode laser solution.
A Breakthrough Beyond Existing Laser Devices
Only a few true diode laser devices exist today. Additionally, a device sold by a leading global beauty technology brand is manufactured by DermRays and utilizes DermRays' licensed patented technology. This underscores DermRays' position as a global leader in optical beauty manufacturing.
Earlier generations of diode laser devices had extremely small treatment windows, making full-body sessions slow and limiting consumer adoption. The V8S Enhanced Edition overcomes these limitations with high-density 810nm diode laser output across a larger treatment window, significantly improving efficiency and usability for home users.
DermRays Solves the Industry's Longstanding Technical Challenge
The V8S Enhanced Edition introduces a new generation of diode laser performance made possible by VCSEL architecture. Key benefits include:
- Delivers High Energy Across a Large Window
Unlike earlier devices that had to reduce energy output to increase treatment size, DermRays maintains high-density 810nm laser power across a significantly larger window. This dramatically cuts total treatment time. - Targets Hair Follicles With Precision
The 810nm wavelength penetrates deeper to directly target hair follicles, delivering results that IPL devices struggle to achieve, especially on coarse or stubborn hair. - Ensures Comfort With Advanced Cooling
A next-generation ice-cooling system reduces heat sensation and minimizes the "rubber band snap" feeling associated with professional lasers, improving comfort for home users.
Safety and Regulatory Integrity
DermRays has received FDA clearance, confirming the device meets strict safety and performance requirements for home-use medical lasers. Combined with VCSEL diode technology, the V8S Enhanced Edition brings true medical-grade innovation into a consumer-friendly form.
- "This is not just an upgrade to home-use devices," the spokesperson added. "It is a major correction in the industry. Consumers deserve transparency and technology that performs as promised. With VCSEL diode laser power, we are finally bridging the gap between professional clinics and at-home treatment."
Availability
The DermRays V8S Enhanced Edition will be available for pre-order exclusively through a leading crowdfunding platform. Consumers can join the official waitlist to receive early access updates and launch rewards.
About DermRays
DermRays is a global innovator in home-use medical and beauty laser technology. Supported by a dedicated optical research center, DermRays holds multiple international invention patents and serves as the manufacturer behind several world-class beauty technology brands. The company is committed to delivering transparency, safety, and professional-grade results to at-home users.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
DermRays Introduces the World's First VCSEL Diode Laser Hair Removal Device, Marking the Biggest Breakthrough in At-Home Beauty in Over a Decade
