Zepz, the parent company of WorldRemit and Sendwave, has launched the Sendwave Wallet to extend its cross-border payments capabilities. The product is designed to let users send, store, and spend stablecoin-backed value across more than 100 countries. It emphasizes near-instant transfers, predictable value, and a simple interface that centers everyday use cases.
Product Overview
The Sendwave Wallet functions as a globally accessible, peer-to-peer solution that lives inside the Sendwave app. Users can open a digital dollar balance, move money within the Sendwave network in seconds, and keep funds in a currency designed to maintain a stable value. The experience aims to feel as familiar as messaging, reducing friction for people who routinely support relatives and cover essentials abroad.
Customer Impact
Zepz positions the wallet as a tool for financial control rather than a narrow remittance conduit. By maintaining a balance pegged to the U.S. dollar, customers can plan expenditures and smooth volatility that can undermine budgets in inflation-prone markets. The company argues this shift enables users to support loved ones, manage timing, and build stability over time.
Executive Perspective
Zepz CEO Mark Lenhard said cross-border communities need more than one-off transfers to navigate complex financial realities. He framed the wallet as a trusted and intuitive way to manage money that prioritizes stability, choice, and dignity for customers in the Global South. The launch signals Zepz’s intent to move beyond remittances and serve broader financial lives.
Technology Stack
The wallet is built on stablecoin infrastructure provided by Circle, which issues USDC, with Solana supplying high-speed, low-cost blockchain rails. Portal contributes borderless wallet infrastructure that helps abstract traditional crypto complexity from the end user. Together, these layers aim to deliver reliability, speed, and affordability without requiring customers to manage self-custody or technical workflows.
Use Cases and Access
Backed by Zepz’s decade-long payout network, users can withdraw USDC through partners into local fiat to pay for food, healthcare, education, and other essentials. Transfers within the Sendwave ecosystem are designed to settle quickly, reducing uncertainty associated with multi-hop correspondent chains. The company underscores transparent and competitive exchange rates to preserve more of each dollar sent.
Partnerships and Endorsements
Circle’s chief commercial officer Kash Razzaghi said integrating USDC gives customers a secure way to hold value, send near-instantly, and spend confidently. He framed the approach as putting trusted digital dollars directly into communities to help them plan and save. Solana Foundation president Lily Liu highlighted the network’s speed and scalability as a fit for cross-border payments at consumer scale.
Market Context and Strategy
Remittances remain a lifeline for many households, yet value leakage through fees and exchange volatility persists. By anchoring balances to USDC, Zepz aims to reduce exposure to currency devaluation while keeping transfer costs predictable. The strategy aligns with a broader industry push to pair compliant stablecoins with mainstream financial applications that focus on utility rather than speculation.
Roadmap
Zepz plans to expand utility beyond send, store, and cash out by enabling card-based spending and QR payments directly from USDC balances. The roadmap also includes rewards on deposits and bill pay, bringing more practical tools into one environment. These additions are intended to make digital dollars usable for daily needs without forcing users to juggle multiple apps.
Company Background
Zepz serves more than nine million customers across roughly 5,000 corridors through WorldRemit and Sendwave. Its footprint connects the global north and south, enabling migrants to support families and local economies with faster and safer transfers. The Sendwave Wallet extends that mission by blending digital dollars with familiar remittance rails under one brand.
With the Sendwave Wallet, Zepz is pushing from single-purpose remittances toward continuous, stable, and spendable cross-border money management. The combination of USDC, Solana, and Portal seeks to deliver speed, predictability, and practical access in one consumer app. If adoption follows intent, more everyday transactions in the Global South could ride stablecoins without customers feeling like they are using crypto.