TerraPay, Quantoz, Coop Bank Launch Cross-Border Remittance Solution

May 10 , 2026

The Commercial Bank of Oromia, in partnership with TerraPay and Quantoz, has launched the COOP REMIT mini-application to facilitate euro-denominated remittance flows from Europe. The system combines TerraPay’s cross-border payments network, Quantoz’s regulated digital euro settlement infrastructure, and the bank’s nationwide branch network to streamline inward remittances into the country. The platform integrates digital settlement technology with domestic banking services, expanding access to remittances across households while operating within local regulatory frameworks. TerraPay CEO Ambar Sur said the infrastructure supports diaspora remittances and can scale to additional global corridors. Quantoz CEO Arnoud Star Busmann noted that regulated digital euro instruments improve transparency and reduce reliance on costly pre-funding.