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TerraPay & Suyool Offer Fast, Secure Money Transfers To Lebanon
The fintech experts have partnered to improve money transfer services, making remittances faster and more secure.
In a major stride for financial accessibility in Lebanon, TerraPay, a prominent global money transfer company, has announced a partnership with Suyool, a licensed financial platform regulated by the Banque du Liban. For Lebanese residents, the collaboration is expected to revolutionize sending and receiving of funds, addressing the growing need for secure, convenient and speedy transfers.
Lebanon has long been dependent on remittances, mostly due to its significant global diaspora. With over $6.5 billion received in 2023 alone, there exists a critical need for effective financial services that can accommodate both banked and unbanked individuals. Suyool is already partly addressing these needs, offering an advanced digital wallet designed to facilitate both local and international payments, while also promoting financial inclusion for unbanked Lebanese residents.
Through the new partnership, Suyool will now gain access to TerraPay’s expansive network, which spans over 144 receiving countries and 210 sending countries. In total, the platform supports 3.7 billion mobile wallets, 7.5 billion bank accounts, and a staggering 12 billion cards. The integration will enable Suyool to expand its remittance capabilities, ensuring reliable and accessible financial services.
Mr. Arz El Murr, Founder & CEO of Suyool, highlighted the value of the partnership: “By collaborating with TerraPay, we can enhance our services to meet the evolving needs of our customers. This partnership will enable us to offer faster, more secure transactions, helping to close the financial gap for many in Lebanon”.
Remittance pathways into Lebanon remain strong, particularly from the USA, Europe, and Gulf Coast Countries, playing a vital role in supporting Lebanese families who rely on funds from abroad. With around 20% of Lebanon’s population currently unbanked, Suyool is well-positioned to step in with its easy-to-use mobile finance app.
Also Read: A Guide To Digital Payment Methods In The Middle East
Ambar Sur, Founder & CEO of TerraPay, expressed excitement about the alliance, noting: “This partnership extends TerraPay’s reach in Lebanon, where there is high demand for effective remittance services. Together with Suyool, we aim to drive financial inclusion and deliver trustworthy payment options for everyone. This partnership also coincides with the launch of our Wallet Interoperability Council, which aims to improve connectivity and interoperability for cross-border transactions, including remittances and merchant payments using wallets”.
The TerraPay-Suyool collaboration marks a significant turning point in the country’s development of a more robust financial ecosystem by offering seamless, reliable, and secure global money transfers to Lebanon.
News
UAE-Built Falcon-H1 Arabic Leads LLM Benchmarks
The lean Emirati-built language model beats larger global systems and puts Arabic at the center of training.
Abu Dhabi’s Technology Innovation Institute has released an Arabic-first large language model that tops global test boards, an uncommon edge for a region long served by English-centric systems.
Falcon-H1 Arabic comes in 3B, 7B and 34B versions. The flagship posts 75.36% accuracy on comprehensive Arabic tasks and ranks first on the Open Arabic LLM Leaderboard. It also outperforms Meta’s Llama-70B and Alibaba’s Qwen-72B while using less than half their parameters. The smallest model beats Microsoft’s Phi-4 Mini by ten percentage points on equivalent benchmarks.
Arabic remains hard territory for AI. Flexible word order, dense morphology and constant switching between regional dialects and Modern Standard Arabic leave many global models missing context or tone. Academic research has pointed to a shortage of annotated datasets for dialect and informal speech. The impact shows up in classrooms, call centers and government portals where Arabic chatbots lag their English counterparts.
TII trained Falcon-H1 Arabic on formal writing, dialects and culturally grounded content. Beyond scores, it handles practical use: long conversations, reasoning rather than literal translation, and inputs of up to 192,000 words — enough for medical records or legal filings.
“The aim is innovation that is accessible, relevant, and impactful,” said Faisal Al Bannai, Adviser to the UAE President and Secretary-General of the Advanced Technology Research Council.
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Arabic is spoken by more than 450 million people across over 20 countries, yet has often been treated as a secondary language for foundation models. The UAE move signals a push to flip that logic and build Arabic-native stacks rather than wait for global systems to improve.
Falcon models have led their categories since 2023. With H1 Arabic, TII is offering free access via chat.falconllm.tii.ae for developers, media, healthcare and public-sector users looking to automate in natural Arabic.
As the region continues to invest in sovereign computing and data localization, the addition of Falcon-H1 Arabic adds a powerful tool built for the native language, instead of an afterthought attached to an English-trained system.
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