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TerraPay And OMT Launch Cross-Border Payments For Lebanon
Lebanese enterprises gain new access to international markets through the partnership, which offers secure, compliant, and real-time transfers.
TerraPay, a global money movement company, has partnered with Lebanon’s OMT to introduce a new cross-border payment solution designed for businesses. The service aims to strengthen the position of Lebanese enterprises in the international economy by offering secure, real-time transactions aligned with global compliance standards.
Founded in 2014, TerraPay today connects payments to more than 150 receiving countries and over 210 sending countries, spanning billions of wallets, bank accounts, and cards. OMT, established in 1998, operates Lebanon’s largest retail channel with a network of over 1,400 agents providing more than 200 services nationwide.
The collaboration combines OMT’s extensive domestic network with TerraPay’s international payment infrastructure, giving Lebanese companies a streamlined way to integrate into global trade. Through a secure online portal, users can initiate transfers, track payments, and access financial reports, ensuring both visibility and speed in business operations.
“Partnering with OMT allows us to extend our vision to Lebanon’s business community, giving enterprises the tools they need to transact internationally with confidence, speed, and compliance,” said Bassem Awada, Senior Vice President at TerraPay, adding: “We’re excited to empower growth and unlock new opportunities through this collaboration”.
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OMT sees the move as a vital step for Lebanon’s business ecosystem. “Global commerce requires secure and compliant digital financial solutions,” explained Naji Abou Zeid, CEO of OMT. “Through our partnership with TerraPay, we are enabling Lebanese businesses to operate at the speed and standard of today’s interconnected economy. Whether sourcing raw materials or settling invoices with international partners, they now have access to a solution that is seamless, compliant, cost-effective, and fully interoperable”.
Lebanon is heavily reliant on global trade flows, and this partnership seeks to ease the challenges businesses face when dealing with international payments. By lowering costs, enhancing transparency, and ensuring compliance, TerraPay and OMT aim to create a more inclusive financial system that supports enterprises of all sizes.