TerraPay, a global money movement company, has partnered with PalWallet, a fintech infrastructure provider focused on stablecoin settlement, global payments infrastructure and embedded financial services, to help businesses move money across borders faster and more efficiently.

The partnership comes at a time of significant change in global payments. Cross-border payments are projected to exceed US$320 trillion by 2032, driven by the continued growth of digital commerce, marketplaces and real-time payment expectations.

At the same time, stablecoins have emerged as an increasingly important settlement layer within global finance, with the market now exceeding US$240 billion in circulation, highlighting increasing demand for new settlement models that complement traditional financial infrastructure.

For fintechs, payment service providers and global enterprises, the challenge is no longer simply moving money internationally. Businesses increasingly require infrastructure that can settle funds quickly, connect to local bank accounts and wallets, and provide the transparency and compliance needed to operate globally at scale.

By combining PalWallet’s hybrid fiat and digital asset infrastructure with TerraPay’s global payments network, the two companies will enable PSPs, fintechs, merchants, remittance platforms, exchanges and enterprise clients to access faster settlement, broader payout reach and simplified connectivity to local payment rails across key global corridors.

Thomas O’Leary, Chief Marketing Officer at PalWallet, said “Partnering with TerraPay marks an important step in expanding PalWallet’s global payout capabilities. By combining TerraPay’s established global payment network with PalWallet’s settlement infrastructure, we are helping businesses move value across borders with greater speed, efficiency and operational flexibility.”

Valli Ardalan, Senior Vice President, UK & Europe at TerraPay, said “Businesses today need payment infrastructure that is global, compliant and built for real-time money movement. By partnering with PalWallet, we are enabling a broader range of fintechs and digital platforms to access local payout methods and scale internationally through a single connection.”

Through this collaboration, PalWallet will expand its payout reach, strengthen treasury and remittance corridors, and offer additional local payout methods across emerging and developed markets. TerraPay continues to build on its role as a trusted infrastructure partner for fintechs, wallets and financial platforms seeking seamless global connectivity.

The partnership reflects growing demand for payment infrastructure capable of supporting faster settlement, broader global reach and improved interoperability between traditional financial systems and digital payment networks.