Worldpay joins forces with BVNK for stablecoin payment distributions
Worldpay, a leading global payments provider, has announced that it is actively piloting stablecoin payout services, aiming to enable payouts using stablecoins across more than 180 markets in the second half of 2025. This initiative targets merchants in sectors including marketplaces, travel, and gaming, and is part of a broader effort to modernize and speed cross-border payments using stablecoins like USDC.
In a significant step towards integrating stablecoins into traditional payment flows, Worldpay has partnered with BVNK, a fintech infrastructure provider specializing in stablecoin payments. BVNK offers an embedded wallet infrastructure that abstracts blockchain complexity, allowing merchants and payees to send and receive funds in stablecoins seamlessly.
With this partnership, a merchant in Europe can pay a supplier in Kenya using USDC that can convert directly to local mobile money systems like M-Pesa, enabling near-instant and cost-efficient settlement without requiring the recipients to manage crypto wallets or understand blockchain technology.
This collaboration represents a significant step towards integrating stablecoins into traditional payment flows, providing currency stability, instant global settlement, and reduced transaction costs—particularly important for cross-border payouts and financial inclusion in emerging markets.
Key Features and Target Markets
The stablecoin payout service targets markets and verticals such as marketplaces, travel, and gaming, with a specific focus on cross-border payees in regions like Africa and LATAM. Key features of the service include instant settlement, fiat conversion options, and wallet abstraction for ease of use.
The Larger Trend in Global Payments
This effort is part of a larger trend in global payments towards using stablecoins to overcome inefficiencies in traditional correspondent banking systems, leveraging digital assets while maintaining fiat currency stability. Other companies in the industry, such as Stripe and Visa, have also shown support for stablecoins and are investing in infrastructure to facilitate their use.
Partnerships and Investments
Worldpay started supporting merchants receiving settlement using the USDC stablecoin in 2022. The partnership between BVNK and Visa reflects the broader momentum in stablecoin infrastructure, with Visa investing €2 million ($2.27m) in BVNK in March, according to company filings, valuing BVNK at around $625 million.
Meanwhile, OpenFX, an infrastructure firm specializing in foreign exchange, came out of stealth yesterday and announced a $23 million funding round led by Accel. Stripe acquired Bridge for $1.1 billion late last year, while MoonPay purchased Iron in March.
John McNaught, SVP and Head of payouts at Worldpay, expressed excitement about meeting the rising interest in faster, more efficient global payment methods.
As of mid-2025, this stablecoin payout service is expected to go live during the second half of 2025. The partnership between Worldpay and BVNK marks a significant milestone in the adoption of stablecoins for cross-border payments.
| Aspect | Details | |---------------------------|-----------------------------------------------------------| | Status of stablecoin payouts | Piloting phase in H2 2025, enabling payouts in 180+ markets | | Main stablecoin used | USDC (a dollar-pegged stablecoin) | | Partnership | Worldpay partners with BVNK for stablecoin payout infrastructure | | Target markets/verticals | Marketplaces, travel, gaming, cross-border payees in regions like Africa and LATAM | | Key features | Instant settlement, fiat conversion options, wallet abstraction for ease of use |
- The partnership between Worldpay and BVNK, along with the integration of stablecoins like USDC, aims to modernize traditional payment flows, offering benefits such as instant settlement, currency stability, and reduced costs, particularly in cross-border payouts and emerging markets.
- In addition to Worldpay, companies such as Stripe, Visa, and OpenFX are investing in stablecoins and related infrastructure to facilitate their use in global payments, as part of a growing trend to overcome inefficiencies in traditional correspondent banking systems.
