TerraPay, a leading global money movement company, has announced the launch of Xend, a first-of-its-kind Payments Interoperability Network designed to unify the fragmented landscape of wallets, banks, and cards into a single, seamless financial ecosystem. This universal infrastructure layer enables wallet users to transact with thousands of banks and access millions of merchant locations directly from their existing wallet applications.
TerraPay launches Xend, a global Payments Interoperability Network.
The network connects wallets to 11,500 banks via the Swift network.
It provides access to 150 million merchant acceptance locations.
The network is already live with over 200 million wallet users.
It aims to transform domestic wallets into globally connected financial tools.
The goal is to create borderless money movement, similar to mobile phone roaming.
Xend serves as a universal infrastructure layer that bridges the gap between digital wallets and the formal financial system. Through a collaboration with Swift, the network allows wallet users to receive funds from any bank worldwide and make payments across an extensive global network of online and retail merchants. This effectively transforms domestic wallets and super-apps into globally connected financial instruments without requiring new infrastructure or complex bilateral integrations from the wallet providers.
The Xend network is already operational with over 200 million wallet users through leading global wallet players, demonstrating its ability to scale. The network has the potential to connect to its existing 3.7 billion wallet endpoints, delivering real-time access to global banks, merchants, and other wallets. This provides wallet providers with the ability to offer their users instant, compliant, and interoperable payments across different financial rails.
"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 of 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."
"Swift has long championed interoperability as a cornerstone of global financial connectivity," said Juan Martinez, Global Head of Payments Services at Swift. "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."
This launch represents a significant step towards creating a borderless financial world, simplifying global money movement and advancing financial inclusion by connecting digital wallets to the broader global economy.
About TerraPay
TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. Our network enables payments to receiving and sending countries worldwide, reaching a vast network of mobile wallets, bank accounts, and cards.
On a mission to create a borderless financial world, TerraPay makes money transfers instant, reliable, transparent, and fully compliant for its partners, connecting them to 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, in over 150+ countries. We work behind the scenes as the trusted partners for some of the world's most innovative financial players, from banks and digital wallets to MTOs, merchants and fintech platforms.
Since its founding, TerraPay has built a global interoperable wallet network that advances financial inclusion, even in hard-to-reach markets. TerraPay is headquartered in London, with offices in cities including Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore.
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