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DUBAI, UAE, Nov. 24, 2025 /PRNewswire/ -- TerraPay, a leading global money movement company, today 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 wallet users 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.
"In mobile networks, roaming transformed how people connected, it made communication borderless. With Xend, we're bringing that same freedom to money movement," said Ambar Sur, Founder & CEO, TerraPay. "We want every wallet to roam globally, just like mobile phones do, to pay, receive, and spend anywhere, without friction or boundaries. By partnering with Swift, we're building a truly open and interoperable financial fabric that connects the digital economy to the formal financial system - at scale."
"Swift has long championed interoperability as a cornerstone of global financial connectivity," said Juan Martinez, Global Head of Payments Services, Swift. "Working with TerraPay aligns with our mission to enable instant, secure, and inclusive cross-border transactions, bringing the power of the Swift network to millions of wallet users worldwide."
Xend unlocks global utility, enabling wallet users to receive money from any bank in the world, pay at online and retail merchants across the globe, and send money to other wallets internationally. This transforms domestic wallets and super-apps into globally connected financial instruments, without requiring new infrastructure or bilateral integrations.
Through this collaboration, wallet providers on the Xend network can offer their users instant, compliant, and interoperable payments across banks, cards, and wallets - bridging the gap between traditional finance and the digital economy.
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 over 150+ 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, merchants 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 Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore.
DUBAI, UAE, Nov. 24, 2025 /PRNewswire/ -- TerraPay, a leading global money movement company, today 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 wallet users 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.
"In mobile networks, roaming transformed how people connected, it made communication borderless. With Xend, we're bringing that same freedom to money movement," said Ambar Sur, Founder & CEO, TerraPay. "We want every wallet to roam globally, just like mobile phones do, to pay, receive, and spend anywhere, without friction or boundaries. By partnering with Swift, we're building a truly open and interoperable financial fabric that connects the digital economy to the formal financial system - at scale."
"Swift has long championed interoperability as a cornerstone of global financial connectivity," said Juan Martinez, Global Head of Payments Services, Swift. "Working with TerraPay aligns with our mission to enable instant, secure, and inclusive cross-border transactions, bringing the power of the Swift network to millions of wallet users worldwide."
Xend unlocks global utility, enabling wallet users to receive money from any bank in the world, pay at online and retail merchants across the globe, and send money to other wallets internationally. This transforms domestic wallets and super-apps into globally connected financial instruments, without requiring new infrastructure or bilateral integrations.
Through this collaboration, wallet providers on the Xend network can offer their users instant, compliant, and interoperable payments across banks, cards, and wallets - bridging the gap between traditional finance and the digital economy.
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 over 150+ 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, merchants 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 Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore.
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TerraPay Launches Xend - A Global Payments Interoperability Network to Power Borderless Payments for Billions of Wallet Users
PUNE, India, April 2, 2026 /PRNewswire/ -- EKA Mobility, a leading electric vehicles and technology company, today announced a strong 5X year-on-year volume growth in FY 2025–26, with 1,143 units sold and 1,344 electric commercial vehicles produced. This milestone comes on the back of the company's comprehensive electric vehicle portfolio across segments. During the year, EKA entered the M&HCV truck segment, in addition to its existing bus and SCV portfolio. The company is a Champion OEM under the Auto PLI Scheme and has achieved certification across multiple platforms.
"FY 2025–26 is a defining year for EKA Mobility. We are not only scaling volumes but also expanding our manufacturing footprint by adding a new plant recently and increasing our planned annual capacity to 10,000 buses, 6,000 trucks and 24,000 SCVs. With the widest range of fully homologated, born-electric platforms from last-mile to long-haul, we are uniquely positioned as a full-stack EV company. Our growth across electric buses, small commercial vehicles, and now trucks validates both market demand and our execution capability.
India's transition to clean commercial mobility is accelerating, and EKA is at the forefront driving this shift at scale, with technology, innovation, and global ambition."
— Dr. Sudhir Mehta, Founder & Chairman, EKA Mobility
Strong Business Momentum Across Segments
- Electric Bus Leadership:
Secured wins under PM e-Bus Sewa and PM E-DRIVE; deployed vehicles across 15+ states including Maharashtra, Gujarat, Uttar Pradesh, Karnataka, and Delhi - SCV Breakout Year:
Strong uptake of 3S & 6S passenger vehicles and 3W cargo platforms, accelerating last-mile mobility adoption - Electric Trucks:
New Growth Engine: Entry into heavy-duty trucks contributing to growth and expanding presence in logistics electrification - Hydrogen Fuel Cell:
Deployed a 9-metre hydrogen fuel cell bus at Cochin International Airport with KPIT Technologies and BPCL; plans to deploy 15 more buses
Key Highlights:
Global Expansion:
- Commenced electric bus deployments in Africa
- Partnership with Kerchanshe Group for CKD assembly and distribution
- Agreement with NBFI Capital for manufacturing in Australia
Manufacturing Scale-Up:
- Two Pune facilities operational; Pithampur plant to be operational shortly
- Planned annual capacity: 10,000 buses, 6,000 trucks and 24,000 SCVs
Retail Network:
- Expanded dealership network; plans to add 120 dealerships in FY27
Order Book Visibility:
- 6,000+ confirmed e-buses to be delivered over the next two years
About EKA Mobility
EKA Mobility is a Pune-based electric vehicle and technology company focused on transforming India's commercial mobility landscape. With a portfolio spanning electric buses, electric trucks, and small commercial vehicles, EKA combines electric vehicle manufacturing with proprietary AI-powered fleet technology to deliver end-to-end mobility solutions.
EKA Mobility is backed by Mitsui & Co., Ltd. (Japan), VDL Groep (Netherlands), Pinnacle Industries Limited, Enam Holdings and the NIIF India-Japan Fund as equity and strategic partners and has expanded its footprint to markets in East Africa, South Africa, and Australia.
To know more about the company, kindly visit: https://ekamobility.com
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EKA Mobility Achieves 5x Volume Growth
