distribution · May 16, 2026

Reap and TerraPay Partner to Expand Cross-Border Payouts via Local Payment Rails

Reap partnered with TerraPay to connect Reap’s treasury platform with TerraPay’s single API for local payment rails on May 14, 2026. The integration expands cross-border B2B payout corridors using domestic clearing systems in Asia Pacific, North America, Europe, and the Middle East. Traditional cross-border payments cost 1 to 1.5 percent of transaction value and take several business days. JP Morgan data shows US$120 billion in annual transaction fees for corporate cross-border payments, with slow processing as the top pain point for 62 percent of corporate bank clients.