TerraPay, a leading global money movement company, announced the launch of Xend, a first-of-its-kind Payments Interoperability Network designed to unify the fragmented world of wallets, banks, and cards into one seamless, borderless financial ecosystem.

Xend serves as a universal infrastructure layer, enabling wallet users to transact with 11,500 banks via the Swift network and access 150 million acceptance locations, all from their existing wallet apps. TerraPay's collaboration with inclusion-led partners like Swift, powers Xend to unlock seamless global interoperability - allowing walletusers to receive funds from any bank worldwide and make payments across extensive merchant networks.

The Xend network, that is already live with over 200 million wallet users through leading global wallet players demonstrates its ability to scale rapidly to its existing 3.7 billion wallet endpoints, delivering real-time access to global banks, merchants, and other wallets.

The launch event in Dubai convened global payment leaders, mobile money providers, and digital wallet innovators, marking a pivotal moment in financial infrastructure. Xend is the first network to deliver universal payments interoperability - connecting wallets not only to each other, but to the formal financial system at scale.