PRESS RELEASE | Zepz Launches The Sendwave Wallet, a Stablecoin-Backed Cross-Border Money Solution

Zepz, the global payments group behind WorldRemit and Sendwave, has announced the launch of the Sendwave Wallet, a globally accessible stablecoin-backed peer to peer cross border money solution. This digital wallet empowers customers to seamlessly send, store, and spend funds across more than 100 countries, leveraging stablecoin technology to provide a stable value while offering near-instant, reliable, and affordable transfers within the Sendwave ecosystem.

The Sendwave Wallet simplifies global money management, with customers at its core. Designed to help individuals in their daily lives to cover essentials and support loved ones, its intuitive interface makes sending funds as straightforward as sending a message.

Key Takeaways

• The Sendwave Wallet is a globally accessible, stablecoin-backed peer-to -peer cross-border money solution that empowers customers to seamlessly send, store, and spend funds across more than 100 countries.
• Built on trusted stablecoin infrastructure from Circle, Solana, and Portal, the wallet reduces challenges like currency devaluation and access, making global money movement simple and human first.
• The wallet gives Sendwave customers more control over their money, moving beyond traditional remittances towards financial empowerment, enabling them to send money in seconds within the Sendwave network.

Changing the game for customers

With the Sendwave Wallet, customers can quickly open a digital dollar balance in the Sendwave app and send, receive, or deposit funds. Their balance is held securely in the wallet in a digital currency, designed to maintain a stable value and pegged to the US dollar, giving them flexibility and the confidence to plan, support loved ones, and build financial stability over time.

“The financial lives of cross-border communities are far more complex and personal than traditional remittance transactions,” said Mark Lenhard, CEO of Zepz.

“With Sendwave Wallet, we’re giving customers throughout the Global South a trusted, intuitive way to control their money This is about stability, choice, and dignity for the communities we serve.

Today, Sendwave is moving beyond remittances to more holistically support the financial lives of our customers.”

Combining the power of stablecoins with everyday money

At the core of the Sendwave Wallet are stablecoins, providing a secure way to hold value and move money in near real time without the typical complexities of a “crypto” wallet. This approach helps customers avoid the currency swings that can erode their hard-earned money, while continuing Zepz’s tradition of transparent and competitive exchange rates.

Backed by Zepz’s decade-long global payout network, it makes it easy for customers to withdraw USDC funds through trusted partners into fiat currency and pay for everyday basic needs like food, healthcare and education. In the future, customers will be able to directly use their USDC balance for real world payments and services through payment cards and QR codes, a step beyond traditional remittances that most wallets offer.

Zepz has combined the expertise of leading web3 players to help bring this pioneering vision to life including: Circle the company behind USDC, Solana as the high-speed, low-cost, scalable blockchain network, and Portal as the provider of borderless wallet infrastructure.

Kash Razzaghi, Chief Commercial Officer at Circle said:

“By making USDC central to the Sendwave Wallet, customers gain a secure way to hold value, send near-instantly, and spend with confidence in their daily lives. This is about putting the benefits of trusted digital dollars directly into the hands of communities, helping them plan, save, and build financial resilience.”

Lily Liu, president of the Solana Foundation, added:

“Solana is well-positioned to power cross-border payments due to the network’s speed and scalability. Zepz’s vision to make global transfers into a reality defined by unparalleled speed, unwavering security, and universal affordability can uniquely take place on Solana.”

Formerly WorldRemit, Zepz was founded in 2010 by Somali refugee and entrepreneur, Ismail Ahmed, who was frustrated at the high transaction fees to send money to his family in East Africa. The firm became the UK’s first black-founded fintech company to be valued at $1 billion and reached full-year profitability in 2022.

It operates in over 150 countries including:

• South Africa
• Uganda
• Kenya
• Rwanda and
• Tanzania


Shaping what’s next

Zepz is continuing to build its customer offering beyond traditional remittances, with plans to enable customers to earn rewards on deposits, spend their balance with payment cards globally and pay bills, giving them practical ways to use digital dollars for daily needs.

About Zepz

Zepz powers two leading global remittance brands, WorldRemit and Sendwave, to build the next generation of cross-border payments.

Serving over 9 million customers across 5,000 corridors, Zepz is transforming how money moves across borders by making it faster, safer and more convenient. Its innovative digital solutions are designed to break down financial barriers and expand access to better financial tools. Zepz operates across a broad global footprint, connecting the global north and south and enabling migrants to support loved ones, fuel local economies and build better futures.

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