TerraPay has launched Xend, a Payments Interoperability Network that unifies the fragmented world of wallets, banks, and cards into one borderless financial solution.
Xend aims to be a universal infrastructure layer which enables wallet users to transact with 11,500 banks via the Swift network, accessing 150 million acceptance locations. TerraPay’s alliance with partners like Swift drives the launch, unlocking simple global interoperability.
Driving cross-border payments for wallet users
The rollout allows wallet users to receive money from any bank around the world, making payments across a wider merchant network. The Xend network is already live through global wallet players, which reflects its rapid growth to its existing wallet endpoints, offering real-time access to global banks, merchants, and other wallets.
Xend is among the first networks that connect wallets to each other and to the formal financial ecosystem, offering universal payments interoperability. TerraPay mentioned that in mobile networks, roaming reimagined how individuals connected, making communication borderless, and the same principle is applied to Xend. The new solution aims to offer the same freedom for money, enabling wallets to roam globally to pay, receive, and spend anywhere.
The launch delivers global utility by allowing users to get funds from any bank in the world, pay at online and retail merchants anywhere, and send money to other wallets internationally. The solution contributed to domestic wallet and super-app developments, transforming them into globally connected financial tools without the need for new infrastructure or bilateral integrations.
Wallet providers of Xend can offer users instant, compliant, and interoperable payments across banks, cards, and wallets, unifying traditional finance and the digital economy. Swift, which believes that interoperability is key to global financial connectivity, mentions that the launch aligns with its mission to enable instant, secure, and inclusive cross-border transactions. This vision is also shared by TerraPay, which aims to further develop solutions tailored to the industry’s needs and demands while staying compliant with the global and local regulatory requirements of the market.
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