TerraPay, a global leader in digital money movement, launched Xend, a groundbreaking Payments Interoperability Network designed to unify wallets, banks, and cards into a seamless, borderless financial ecosystem. The platform aims to connect billions of wallet users worldwide to the formal financial system in real time.
Xend acts as a universal infrastructure layer, enabling wallet users to transact with 11,500 banks via the Swift network and access 150 million merchant locations, all directly from their existing wallet apps. Already live with over 200 million wallet users, Xend is poised to scale to TerraPay’s network of 3.7 billion wallet endpoints, delivering instant access to banks, merchants, and other wallets globally.
“In mobile networks, roaming transformed how people connected, it made communication borderless. With Xend, we’re bringing that same freedom to money movement,” said Ambar Sur, Founder & CEO, TerraPay. “We want every wallet to roam globally, just like mobile phones do, to pay, receive, and spend anywhere, without friction or boundaries. By partnering with Swift, we’re building a truly open and interoperable financial fabric that connects the digital economy to the formal financial system—at scale.”
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The launch, held in Dubai, brought together global payment leaders, mobile money providers, and digital wallet innovators. Juan Martinez, Global Head of Payments Services at Swift, added, “Working with TerraPay aligns with our mission to enable instant, secure, and inclusive cross-border transactions, bringing the power of the Swift network to millions of wallet users worldwide.”
Xend lets wallet users receive funds from any bank. They can also pay online and at retail merchants worldwide. Additionally, users can send money to other wallets across borders. This transforms domestic wallets and super-apps into globally connected financial tools. No new infrastructure or bilateral agreements are needed.
Wallet providers using Xend can now offer instant, compliant, and interoperable payments. This bridges traditional finance with the digital economy at scale.
