London, UK, April 8th, 2026 – Wirex, a leading full-stack crypto card issuer and Banking-as-a-Service (BaaS) provider, has announced a strategic partnership with global fintech company Utorg. The collaboration aims to bring seamless crypto-to-card spending capabilities to Utorg's consumer wallet ecosystem, which serves more than 2 million users across 190+ countries.
Through this partnership, Wirex BaaS will provide Utorg with non-custodial card infrastructure, EUR & USD IBAN banking rails, and global payment acceptance. The integration is designed to go live in weeks, not months. Utorg will embed fully compliant card issuance and banking infrastructure directly into its consumer platform, enabling users to hold assets in self-custodial wallets and spend their balances at merchants worldwide through a Wirex-powered payment card.
Key features of the Wirex BaaS integration include:
Non-Custodial Card Issuance: Virtual and physical debit cards that allow users to spend crypto holdings while maintaining full self-custody, with Apple Pay and Google Pay integration.
EUR & USD IBAN Accounts: Named virtual IBANs with SEPA Instant and Faster Payments connectivity, supporting fiat on- and off-ramps across 30+ countries.
Real-Time Crypto-to-Fiat Conversion: Instant conversion at point of sale with zero prefunding requirements.
DeFi Yield with Enterprise Controls: Integrated yield opportunities on idle balances with full compliance and risk management.
The partnership enables Utorg users to spend their digital assets globally across more than 80 million merchants in over 130 countries. This move advances Utorg's vision of making digital assets practical for everyday use by combining self-custody, global payments, and local financial rails into a single consumer experience.
Daniel Rowlands, General Manager of Onchain Finance at Wirex, stated: "Our BaaS platform exists so that builders like Utorg can focus on their product instead of piecing together payment infrastructure from scratch. Utorg has built something exceptional — a frictionless on-ramp experience loved by hundreds of thousands of users globally. With Wirex BaaS, they now have the card and banking rails to complete that journey from purchase to spend."
Eugene Petrakov, Co-founder at Utorg, added: "We built Utorg to bridge the gap between the traditional financial system and the emerging stablecoin economy. Our goal is to give users a simple way to buy digital assets, keep them in self-custodial wallets, and use them in everyday life. Partnering with Wirex allows us to extend that experience further by enabling global spending directly from the same environment where users manage their crypto."
The partnership positions Utorg alongside other crypto-native platforms that have chosen Wirex BaaS for their payment card programs, including Cardano, Simple App, COCA, Chimera Wallet, and Collective Memory.
Company Background: Wirex is a global payments platform trusted by over 7 million users since 2014, having processed more than $20 billion in transactions across 130 countries. As a principal Visa and Mastercard member, it specializes in making crypto spendable anywhere. Utorg, founded in 2020, builds infrastructure and consumer applications for the global stablecoin economy, connecting traditional payment networks with digital asset markets.
