Payments company Worldpay has joined forces with BVNK, a South African stablecoin payments firm, to introduce stablecoin payout capabilities for Worldpay’s global clientele. 

The service, leveraging BVNK’s embedded wallets infrastructure, will enable clients to issue payments in stablecoins to various beneficiaries such as customers, contractors, and sellers in over 180 markets.  

The transactions will be made “nearly instantly”, without the clients’ direct involvement in managing digital assets, BVNK VP of Platform Partnerships Jane McEvoy said in a blog post. 

Worldpay’s existing payouts platform will integrate this new payment feature, with stablecoins being the inaugural digital asset option, complementing the platform’s current offering of 135 fiat currencies.  

The pilot phase for this service is anticipated to commence in the latter half of 2025. 

Previously, Worldpay had initiated the acceptance of settlements in USDC stablecoin for merchants in select locations during 2022.  

Following this, in 2023, the company completed a pilot with Visa aimed at streamlining the funds reception process from the network. 

In alignment with BVNK’s mission, this partnership seeks to enhance the accessibility of stablecoin technology for businesses, integrating traditional and digital payment systems, with a focus on operational efficiency and expansive global reach. 

Worldpay payouts head and SVP John McNaught said: “We’re delighted to work with BVNK to bring this enterprise-grade stablecoin payout solution to market. With a history of delivering innovative payout solutions, we are excited to meet the rising interest from clients seeking faster, more efficient global payment methods.” 

Recently, Worldpay expanded its services in Latin America with the introduction of domestic acquiring capabilities in Colombia. 

Meanwhile, earlier this month, BVNK secured investment from Visa.