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

 

Real-time bank-to-wallet cross-border payments now available as Inter advances its mission to build the financial infrastructure connecting Brazil, the United States, and the world

Miami, Florida, August 18, 2026 — 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, Senior Vice President and 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.

ABOUT INTER

Inter (Inter&Co Inc./NASDAQ: INTR) is a global financial technology company providing banking, credit, investments, payments, and lifestyle solutions to more than 45 million customers worldwide. Inter leverages technology to unlock simplicity, offering mortgages, credit, gift cards, investments, and international payments through Banco Inter S.A., Brazil's first digital bank, and a growing global footprint. Recognized by Forbes, CNBC, and others as one of the world's leading fintechs and digital banks, Inter is guided by the Rule of 50 — a commitment to growing profitably and with discipline as it expands globally. Learn more at inter.co.

ABOUT TERRAPAY

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. TerraPay's network reaches 3.7 billion mobile wallets and 7.5 billion bank accounts across more than 156 countries, serving as a trusted infrastructure partner to banks, digital wallets, money transfer operators, corporates, and fintech platforms. TerraPay is headquartered in London, with offices in Dubai, Milan, Miami, Singapore, Bogotá, Johannesburg, Kampala, and Bangalore.

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InterCommunications

Inter (NASDAQ: INTR) is a digital bank providing financial and lifestyle solutions to 44 million consumers. Our super app leverages technology to unlock simplicity, offering mortgages, credit, gift cards, investments, and international payments. Inter customers also enjoy access to a dynamic marketplace of shopping discounts, cashback rewards, and exclusive access to marquee events. Recognized by Forbes, CNBC, and others as one of the world’s leading FinTechs and digital banks, Inter leads with human innovation to empower the new economy. Learn more at US.Inter.Co.

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INTER & CO PAYMENTS, INC., doing business as Inter ("Inter"), is a financial technology company, a registered money services business (MSB) and a licensed money transmitter, not a bank (NMLS ID #907330). Massachusetts Foreign Transmittal Agency (License #FT114374-100). Rhode Island Currency Transmitter (License # 20203960CT). View our NMLS licenses here .

Banking services are provided by Community Federal Savings Bank ("CFSB"), Member FDIC and deposits are held by CFSB and Wells Fargo Bank, Members FDIC. Inter is not a depository institution, deposits held at CFSB and Wells Fargo are not eligible for FDIC insurance.

The Inter US Checking account is provided by Continental Bank, Member FDIC. Inter US Checking accounts are FDIC-insured up to US$250,000. Inter US Checking account funds are eligible for FDIC insurance up to the allowable limit through Continental Bank, Member FDIC, and other program banks. Coverage is subject to aggregation of all of each account holder's funds held on deposit at Continental Bank or at each of its program banks. Funds generated through Inter's payment processing services are generally available in the Inter US Checking account balance immediately after a payment is processed. Fund availability times may vary due to technical issues. Inter is not a bank. Inter US Checking accounts do not provide monthly paper statements and do not issue physical paper checks. Inter US Checking accounts are not interest-bearing accounts.

FDIC deposit insurance coverage only protects against the failure of an FDIC-insured deposit institution. If you have an Inter US Checking account, up to US$250,000 of your balance may be covered by FDIC insurance on a pass through basis through Continental Bank, Member FDIC, subject to aggregation of the account holder's funds held at Continental Bank and if certain conditions have been met.

Please see your account information to know where your account is maintained. Inter US Checking accounts at Continental Bank are only available for US residents, upon informing a Social Security or Individual Taxpayer Identification number.

For more information regarding your Inter Account, view the Inter Account Agreement. For more information regarding your Inter US Checking account, view the Inter US Checking Account Agreement. For more information regarding FDIC insurance, please view the FDIC Deposit Insurance https://www.fdic.gov/resources/deposit-insurance .

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The Inter US Mastercard® Credit Card is issued by Continental Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated and may be used wherever Mastercard debit is accepted. The Inter US Mastercard® Credit Card is issued by Continental Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated, and may be used wherever Mastercard is accepted. For more information about the Inter US Mastercard credit and debit cards please see the applicable cardholder agreements.

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The Inter Mastercard® International Debit Card ("Global Card") is issued by the international branch of Banco Inter S.A. in the Cayman Islands, authorized to operate as a category "B" banking institution by the Cayman Islands Monetary Authority – CIMA ("Cayman Branch"), pursuant to a license from Mastercard International Incorporated, linked to a US dollar checking account in the Cayman Islands maintained by the Cayman Branch ("Cayman Account"). For more information about the Cayman Account and the Global Card offered by the Cayman Branch, see the Cayman Account and Global Card Agreement.

The Inter Mastercard® International Credit Card ("Global Credit Card") is issued by the Cayman Branch, pursuant to a license from Mastercard International Incorporated. For more information about the Global Credit Card offered by the Cayman Branch, see the Global Credit Card Agreement.

The Cayman Account, Global Card and Global Credit Card are offered by the international branch of Banco Inter S.A. in the Cayman Islands, an affiliate of Inter, and are not features of the Global Account nor are they offered by Inter & Co Payments, Inc. The Cayman Account, Global Card and Global Credit Card are not available for U.S. customers.

The Cayman Branch will gather your information in order to offer you the Cayman Account, the Global Card and the Global Credit Card. Personal data will be subject to the Data Protection Act of the Cayman Islands, as well as the General Data Protection Law. To learn more about how we protect your personal data, see our Privacy Policy.