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.