Zepz, the parent company of WorldRemit and Sendwave, has unveiled a new digital wallet built on the Solana blockchain, enabling users to send, store, and spend USDC (USD Coin) for cross-border payments. The Sendwave Wallet targets users in over 100 countries, offering a peer-to-peer money solution that leverages the speed and transparency of Solana to facilitate near-instant transactions at lower costs.
According to the announcement, Zepz—which handles over $15 billion in annual remittance volume—plans to expand the wallet's functionality with support for payment cards and QR codes in the coming months. This initiative follows a July partnership with Circle, the issuer of USDC, aimed at integrating stablecoin payments for backend settlement to improve liquidity management and reduce settlement times.
Kash Razzaghi, chief commercial officer at Circle, emphasized the benefits: "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, highlighted Solana's role: "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." The Solana blockchain has seen its stablecoin supply rise to over $17.48 billion, underscoring growing adoption.
Zepz is collaborating with local partners to allow users to withdraw USDC directly into fiat currencies, enhancing accessibility in regions with limited banking infrastructure. The wallet is designed for everyday use, making money transfers as simple as sending a message, and will continue to support fiat options alongside stablecoins for flexibility.
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