on TerraPay
TerraPay Introduces Xend for Seamless Global Wallet Transactions
In a significant development for global financial transactions, TerraPay has unveiled Xend, a pioneering Payments Interoperability Network. This platform aims to integrate wallets, banks, and cards into a unified financial ecosystem, redefining cross-border payments.
Xend operates as an infrastructure layer, allowing 200 million wallet users to connect with 11,500 banks via the Swift network. This expansive coverage enables seamless global transactions without additional infrastructure investments or bilateral integrations, facilitating payments across 150 million locations worldwide.
The launch event in Dubai highlighted the network's capacity to provide real-time access to a vast array of financial entities, positioning Xend as a catalyst for financial inclusion and connectivity. Partnering with Swift, TerraPay ensures secure, instant, and comprehensive cross-border transactions.
R. H.
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