TerraPay, a global leader in money movement, has unveiled something that could reshape the way people send and spend money across borders. The company announced the launch of Xend, a groundbreaking Payments Interoperability Network designed to bring together the often-disconnected worlds of digital wallets, banks, and cards into one unified financial ecosystem.
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With Xend, TerraPay is taking a bold step toward solving one of the biggest challenges in global payments: fragmentation. The new network acts as a universal infrastructure layer, allowing wallet users to tap into 11,500 banks via the Swift network and make payments at 150 million merchant acceptance points all without leaving their existing wallet apps. By working with inclusion-focused partners like Swift, TerraPay aims to give wallet users the same kind of borderless freedom that mobile phone users enjoyed when roaming became mainstream.
The impact of Xend is already visible. The network is live with more than 200 million wallet users and has the ability to scale to 3.7 billion wallet endpoints worldwide, offering real-time access to banks, merchants, and other wallets across the globe. The launch event in Dubai brought together payment innovators, mobile money leaders, and global financial stakeholders signaling just how significant this step is for the future of financial infrastructure.
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Ambar Sur, Founder & CEO of TerraPay, described the moment as transformative:
“Just as roaming changed how people communicate, Xend will change how money moves. Our vision is simple every wallet should be able to roam globally, pay anywhere, and receive money from anywhere, with zero friction. Through our partnership with Swift, we’re connecting the digital economy with the formal financial system on a global scale.”
Swift sees the partnership the same way. Juan Martinez, Global Head of Payments Services at Swift, emphasized the shared mission:
“Interoperability has always been central to Swift. Working with TerraPay allows us to bring secure, instant, inclusive transactions to millions of wallet users worldwide.”
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With Xend, everyday digital wallets and super-apps are transformed into globally connected financial tools. Users can receive money from any bank in the world, pay seamlessly at international merchants, and send funds to wallets overseas all without requiring providers to build new infrastructure or APIs.
For wallet providers, this opens the door to instant, compliant, and truly interoperable cross-border payments that bridge traditional banking and the fast-growing digital economy. For billions of users, Xend moves the world closer to a future where money moves as freely as information.
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