TerraPay, a leading global money movement company, today announced the launch of Xend, a first-of-its-kind Payments Interoperability Network designed to unify wallets, banks, and cards into a seamless, borderless financial ecosystem.
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 acceptance locations, all from their existing wallet apps. Through partnerships with inclusion-driven platforms, Xend unlocks instant, global wallet interoperability, allowing users to receive funds from any bank worldwide and make payments across extensive merchant networks.
The network is already live with over 200 million wallet users through leading global wallet providers and is built to scale rapidly to TerraPay’s 3.7 billion wallet endpoints, delivering real-time access to global banks, merchants, and other wallets.
At the launch event in Dubai, industry leaders highlighted the transformative potential of Xend.
“In mobile networks, roaming made communication borderless. With Xend, we’re bringing that same freedom to money movement,” said Ambar Sur, Founder & CEO, TerraPay. “Every wallet should be able to roam globally—pay, receive, and spend anywhere—without friction. Partnering with SWIFT, we’re building an open and interoperable financial fabric connecting the digital economy to the formal financial system at scale.”
SWIFT echoed this sentiment. “Interoperability is central to global financial connectivity,” said Juan Martinez, Global Head of Payment Services, SWIFT. “Our collaboration with TerraPay enables instant, secure, and inclusive cross-border transactions for millions of wallet users worldwide.”
Key Benefits of Xend:
- Global utility: Wallet users can receive money from any bank, pay at online and retail merchants, and send funds to other wallets internationally.
- No new infrastructure required: Digital wallets and super-apps become globally connected financial instruments without bilateral integrations.
- Instant, compliant, and interoperable payments: Wallet providers can bridge the gap between traditional finance and the digital economy.
About TerraPay
Headquartered in London with offices in Bangalore, Dubai, Bogotá, Dar es Salaam, Kampala, and Singapore, TerraPay simplifies global money movement through a single connection to one of the most expansive cross-border payment networks. Its infrastructure connects over 3.7 billion mobile wallets and 7.5 billion bank accounts across 150+ countries, ensuring transfers are instant, reliable, transparent, and compliant.
Since its founding, TerraPay has advanced financial inclusion worldwide, enabling wallets to operate seamlessly even in hard-to-reach markets, partnering with banks, fintechs, merchants, and mobile money operators.
