capital · May 22, 2026
Reap and TerraPay Partner to Expand Local Payout Corridors Globally
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Reap and TerraPay announced a strategic partnership on May 14, 2026, to expand local cross-border payout corridors globally through direct access to domestic clearing systems. Reap's stablecoin-native payments platform integrates with TerraPay’s global money movement network, enabling intelligent routing via Reap’s payout orchestration engine for faster settlements. The partnership targets inefficiencies in traditional cross-border payments that generate $120 billion annually in fees, with slow processing affecting nearly 62% of bank corporate clients per JP Morgan 2025 data. Reap’s newsroom lists the May 14, 2026 partnership announcement alongside Payward’s May 7, 2026 acquisition of Reap.