Inter Extends Global Payment Infrastructure to 3.7 Billion Digital Wallets Through Xend – TerraPay’s Global Wallet Interoperability Network

Digital wallets have become the default way people send and receive money across large parts of the world, but the banks that hold and move the majority of global capital have largely stayed outside that ecosystem, reliant on legacy rails not built to reach wallet users directly. Inter, a global financial technology company serving 45M customers worldwide, today announced it has extended its cross-border payment infrastructure to reach 3.7 billion digital wallets worldwide through a strategic partnership with TerraPay, a global money movement company.

This integration connects Inter’s regulated infrastructure in Brazil and the United States directly to Xend – TerraPay’s global wallet interoperability network, enabling real-time bank-to-wallet transfers without requiring new connectivity layers. 

TerraPay recently launched Xend for real-time wallet interoperability across financial ecosystems, empowering last mile localised payouts, cross-border wallet payments and merchant payments.  

Inter serves as the licensed settling institution for these transactions in both BRL and USD, combining its existing payment capabilities — PIX, InterPAY, Same Day ACH, and Real-Time Payments — with TerraPay’s global wallet reach to deliver most transactions in under one minute.

“Our focus has always been building infrastructure that behaves like software, not legacy banking,” said Ralph Boragina, Head of Cross-Border Payments at Inter. “This partnership connects that infrastructure to billions of digital wallet destinations worldwide, demonstrating Inter’s long-term strategy to be the platform that links Brazil and the U.S. to the global financial system, for our customers and for the enterprises that move money at scale.”

The scale of the opportunity reflects where payments are heading. The total value of digital wallet transactions is projected to grow from $9.85 trillion in 2026 to $23.4 trillion by 2031, a nearly 140% increase over five years. For platforms and enterprises managing payouts at scale, the infrastructure to reach that wallet economy has been the missing piece.

“The next phase of cross-border payments will be defined by interoperability between banks and digital wallets,” said Ralph Koker, Head of Europe and Americas, TerraPay, “Inter’s infrastructure, together with regulated, real-time, and built for scale,  is exactly what that future requires. This partnership extends what Inter has already built to reach billions of digital accounts globally, through existing rails, without friction.”

The announcement marks the latest step in Inter’s international infrastructure build-out, which includes its position as one of Brazil’s largest PIX payers, a leading FX operator by contracts registered with Brazil’s Central Bank, and the holder of a federally authorized banking branch in the U.S. Through TerraPay’s network, Inter is now positioned to serve the full spectrum of cross-border payment needs, from individual customers to high-volume enterprise disbursements, within a single regulated operating environment, settling in both BRL and USD.