TerraPay Launches Xend: Revolutionising Global Payments with Seamless Wallet Interoperability

TerraPay, a leader in global money movement, has launched Xend, a pioneering Payments Interoperability Network aimed at unifying wallets, banks, and cards into one seamless ecosystem. This innovative infrastructure will enable wallet users worldwide to transact with thousands of banks, access millions of merchant locations, and enhance cross-border payments without any friction.

TerraPay, a global leader in financial infrastructure, has launched Xend, a Global Payments Interoperability Network. This innovative network aims to create a borderless, frictionless financial ecosystem by seamlessly connecting wallets, banks, and cards, offering wallet users the ability to interact with over 11,500 banks and 150 million merchant locations worldwide. 

The launch of Xend comes at a crucial moment for global financial inclusion, as the demand for cross-border payments, mobile money services, and interoperable financial networks continues to grow. 

TerraPay’s strategic collaboration with inclusion-driven partners, such as Swift, ensures that Xend will not only support wallet-to-wallet transactions but also enable direct integration with the formal financial system, ensuring that wallet users have access to a vast network of banks, merchants, and financial institutions across the globe.

Building a borderless financial ecosystem

Xend is designed as a universal infrastructure layer that facilitates cross-border payments across 3.7 billion wallet endpoints. Its integration with the Swift network allows wallet users to connect with banks in over 150 countries, effectively transforming how digital wallets are used worldwide. 

As a result, users can now seamlessly receive funds from any bank and make payments at retail and online merchant locations, all from their existing wallets. This revolutionary network not only bridges the gap between digital wallets and the traditional financial system but also empowers wallet providers to offer instant, secure, and compliant payments without requiring any additional infrastructure or bilateral integrations.

"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," he added.

The Swift partnership and seamless interoperability

The strategic partnership with Swift, the global financial messaging network, is central to the success of Xend. Juan Martinez, Global Head of Payments Services at Swift, echoed this sentiment, saying, 

“Swift has long championed interoperability as a cornerstone of global financial connectivity. 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 collaboration allows TerraPay to leverage Swift’s extensive network to offer wallet users a truly global payment experience. By joining forces, TerraPay and Swift aim to deliver global financial interoperability that ensures both digital wallets and traditional banks are able to work together in an integrated, seamless manner. 

This partnership will significantly enhance the ability of wallet providers to support cross-border payments, opening up opportunities for financial inclusion across emerging markets.

A global milestone for financial inclusion

With Xend already live and serving over 200 million wallet users, the network is demonstrating impressive scalability. The ability to seamlessly connect billions of wallets and banks opens new possibilities for financial inclusion, particularly in regions where access to traditional banking services has been limited. 

By offering a simple, interoperable solution that works within existing wallet apps, TerraPay is unlocking access to the formal financial system without the need for new infrastructure or complex integrations.

“The launch of Xend is a pivotal moment for the digital payments industry. It sets the stage for wallets to become fully connected global financial instruments. By enabling transactions with banks, merchants, and other wallets globally, we are not only enhancing the usability of digital wallets but also helping to create a more inclusive, efficient financial ecosystem for billions of users worldwide,” said Ambar Sur. 

About TerraPay

TerraPay is a global leader in cross-border payments, providing a seamless and scalable solution for mobile wallets, bank accounts, and cards worldwide. Headquartered in London, with offices in key markets including Bangalore, Dubai, and Singapore, TerraPay connects over 3.7 billion mobile wallets and 7.5 billion bank accounts across more than 150 countries. The company’s mission is to make global money transfers fast, reliable, and compliant, helping businesses and consumers move money across borders with ease and efficiency.

With a focus on financial inclusion, TerraPay works behind the scenes with partners like banks, fintech platforms, and mobile money providers to create a more connected and accessible financial world. Through its vast network and innovative solutions, TerraPay simplifies the complexities of international money movement, empowering users in underserved markets and ensuring that no one is left behind in the digital economy.