Dubai 2026 – TerraPay, a leading global money movement company, has launched Xend, a new Payments Interoperability Network designed to connect wallets, banks and cards within one borderless financial ecosystem.
The platform acts as a universal infrastructure layer. As a result, wallet users can transact with 11,500 banks through the SWIFT network and access 150 million merchant acceptance locations directly from their existing wallet apps.
In addition, Xend enables instant global wallet interoperability through partnerships with inclusion-focused financial platforms. Users can receive funds from banks worldwide and make payments across global merchant networks without changing applications.
Xend Already Reaches Millions of Wallet Users
The network is already live with more than 200 million wallet users through leading global wallet providers.
Furthermore, TerraPay designed the platform to scale rapidly across its 3.7 billion wallet endpoints. This expansion will provide real-time access to global banks, merchants and other digital wallets.
At the Dubai launch event, industry leaders emphasized the platform’s role in improving financial connectivity and inclusion.
TerraPay and SWIFT Highlight Interoperability Benefits
“In mobile networks, roaming made communication borderless. With Xend, we’re bringing that same freedom to money movement,” said Ambar Sur, Founder and CEO of TerraPay.
He added that every wallet should operate globally without friction. According to Sur, TerraPay’s partnership with SWIFT supports the creation of an open and interoperable financial ecosystem that connects the digital economy with the formal financial system.
SWIFT also highlighted the importance of interoperability in modern payments infrastructure.
“Interoperability is central to global financial connectivity,” said Juan Martinez, Global Head of Payment Services at SWIFT. “Our collaboration with TerraPay enables instant, secure and inclusive cross-border transactions for millions of wallet users worldwide.”
Key Benefits of Xend
Xend offers several advantages for digital wallet providers and users:
- Wallet users can receive money from any bank worldwide.
- Users can make payments at online and physical merchant locations.
- Customers can send funds internationally to other wallets.
- Wallet providers do not require new infrastructure or bilateral integrations.
- The platform enables instant, compliant and interoperable payments.
Consequently, digital wallets and super-apps can function as globally connected financial instruments.
Industrial Context: Demand for Cross-Border Interoperability Grows
The launch reflects broader industry demand for seamless cross-border payments and interoperable digital finance infrastructure.
As digital wallets expand globally, fintech companies increasingly seek solutions that connect traditional banking systems with emerging digital ecosystems.
Moreover, regulators and financial institutions continue prioritizing financial inclusion, faster settlements and secure cross-border transactions. Interoperability platforms such as Xend aim to address these requirements while reducing friction in international payments.
About TerraPay
TerraPay is headquartered in London and operates offices in Bangalore, Dubai, Bogotá, Dar es Salaam, Kampala and Singapore.
The company simplifies global money movement through a single connection to one of the world’s largest cross-border payment networks.
Its infrastructure connects more than 3.7 billion mobile wallets and 7.5 billion bank accounts across over 150 countries.
Since its founding, TerraPay has focused on advancing financial inclusion by enabling seamless wallet operations in both developed and underserved markets. The company partners with banks, fintech firms, merchants and mobile money operators worldwide.
