TerraPay and Kinexys partner to verify recipient information for cross-border payments and reduce payment errors

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TerraPay and J.P. Morgan's Kinexys will integrate TerraPay Verify into Kinexys Liink's Confirm application, helping banks and payment institutions verify recipients' bank account and digital wallet information before cross-border transfers. Financial institutions connected to the network can conduct verifications across multiple markets, while TerraPay Verify customers can also verify recipient information through the interconnected service to reduce transaction failures, delays, and additional costs.