Reap & TerraPay expand cross-border payout corridors

Reap has partnered with TerraPay to expand local cross-border payout corridors.

The agreement gives Reap direct access to domestic clearing systems in multiple regions through TerraPay's network.

The tie-up connects Reap's stablecoin-based treasury and payout systems with TerraPay's payment rail network through a single application programming interface. It is intended to extend domestic rail payouts across North America, Europe, Asia-Pacific and the Middle East.

Cross-border business payments remain expensive and slow for many companies, especially when transfers move through correspondent banking chains and multiple intermediaries. The partnership aims to reduce settlement times and lower the fixed costs of international payouts by using local settlement systems instead.

The companies pointed to a corporate payments market in which traditional transfers can take several business days and often cost 1% to 1.5% or more of the transaction value. They also cited industry research showing that slow processing is the leading pain point for nearly 62% of corporate banking clients, while fees tied to bank charges, foreign exchange spreads and intermediary costs total about USD $120 billion a year.

How it works

Under the arrangement, Reap will use TerraPay's payout network to connect to local payment rails in more markets. The integrated system is designed to support routing decisions through Reap's payout orchestration engine and settle transactions through domestic clearing systems rather than multi-hop SWIFT transfers.

This model matters for businesses managing working capital across several countries, where delays in receiving funds or uncertainty over settlement can put pressure on treasury operations. By settling closer to the destination market, payment providers can remove some of the friction that has long defined cross-border corporate transfers.

Reap, based in Hong Kong, describes itself as a financial technology company focused on stablecoin-native infrastructure for businesses. It said it was an early user of stablecoins in Asia and processed billions in stablecoin-funded transaction flows in 2025 across products including corporate cards and cross-border payments.

TerraPay, headquartered in London, operates a cross-border payments network that connects to bank accounts, cards and mobile wallets in more than 156 countries. Its network reaches more than 3.7 billion mobile wallets and 7.5 billion bank accounts, serving banks, digital wallets, money transfer operators, corporates and financial technology platforms.

Growth plans

For Reap, the expansion of payout corridors is part of a broader push to build infrastructure for international growth and higher transaction volumes. Wider corridor coverage should give globally operating businesses more flexibility in moving liquidity between markets.

The partnership also reflects a broader shift in payments, as firms try to combine digital asset-based treasury tools with existing domestic payment systems. Supporters say that approach can improve cross-border fund flows without forcing businesses to rely entirely on traditional correspondent banking routes.

Both companies plan to broaden corridor coverage further and work on foreign exchange optimisation, service level agreements for execution and operational improvements. The goal is to improve payout performance as demand grows from companies that need to send funds into local markets with greater consistency.

Commenting on the partnership, Daren Guo, Co-Founder, Reap, said: "The future of cross-border payments is not just about speed, it's about infrastructure design. 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."

Ani Sane, Chief Business Officer and Co-Founder, TerraPay, said: "For global companies, the real challenge isn't sending a payment - it's managing liquidity across markets when settlement is slow and unpredictable.

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."