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Strategic integration of TerraPay’s network delivers local payouts across more corridors
Hong Kong, 14 May 2026 - Reap, the stablecoin-native global payments and financial platform infrastructure for businesses, today announced a strategic partnership with TerraPay, a global money movement company, to expand local cross-border payouts through direct access to domestic clearing systems worldwide.
In a market where traditional cross-border payments can take a few business days to settle and cost 1–1.5% or more of transaction value, Reap and TerraPay have partnered to bring a substantially faster, more cost-efficient and reliable solution by leveraging local settlement systems. These inefficiencies and delays in cross border payments being made by corporates, collectively generate $120B per year in transaction fees (mostly bank fees, FX spreads, and intermediary charges) with slow processing cited as the top pain point for nearly 62% of bank corporate clients (JP Morgan, 2025).
The partnership combines Reap’s stablecoin-native treasury and programmable payout infrastructure with TerraPay’s licensed, single-API connectivity to local payment rails. Through TerraPay’s unified payout network, Reap is able to support expanded domestic rail payouts across North America, Europe, APAC, and the Middle East to offer greater capital efficiency, faster deployment of funds, and enhanced treasury flexibility for globally operating companies.
Unlike traditional correspondent banking models that rely on multi-hop SWIFT transfers, the integrated infrastructure enables:
- Intelligent routing via Reap’s payout orchestration engine
- Direct settlement via domestic clearing system
- Faster payments with lower fixed fees
"The future of cross-border payments is not just about speed, it's about infrastructure design," said Daren Guo, Co-Founder, Reap. "Building this ecosystem takes more than one player and we apply a partner-led approach in all infrastructure-level solutions. We're delighted to partner with TerraPay to deliver a full-stack, cross-border architecture built for modern global commerce. Reap's platform allows businesses to deploy liquidity efficiently, while TerraPay provides the domestic rail connectivity required for compliant local settlement. "
“For global companies, the real challenge isn’t sending a payment - it’s managing liquidity across markets when settlement is slow and unpredictable,” said Ani Sane, Chief Business Officer and Co-Founder at TerraPay. He added, “Our partnership with Reap solves for this by combining their programmable treasury capabilities with TerraPay’s global network. It’s a more operationally efficient way to move funds cross‑border, and it gives finance teams the confidence of consistent settlement across multiple regions.”
The expansion of corridors forms a foundational layer in Reap’s broader global growth strategy to establish scalable infrastructure designed to support long-term international expansion and increasing transaction volumes.
Reap and TerraPay plan to continue expanding corridor coverage while collaborating on FX optimization, execution SLAs, and operational efficiency improvements to further enhance payout performance and bring an enhanced payment experience to clients.
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs over 200 people worldwide.
More information about Reap can be found at reap.global.
About TerraPay
TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. Our network enables payments to receiving and sending countries worldwide, reaching a vast network of mobile wallets, bank accounts, and cards.
On a mission to create a borderless financial world, TerraPay makes money transfers instant, reliable, transparent, and fully compliant for its partners, connecting them to 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, in 156+ countries. We work behind the scenes as the trusted partners for some of the world’s most innovative financial players, from banks and digital wallets to MTOs, corporates and fintech platforms.
Since its founding, TerraPay has built a global interoperable wallet network that advances financial inclusion, even in hard-to-reach markets. TerraPay is headquartered in London, with offices in cities including, Dubai, Milan, Miami, Singapore, Bogota, Johannesburg, Kampala, Bangalore.
More information about TerraPay can be found on terrapay.com