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Payment processor Worldpay has partnered with stablecoin infrastructure provider BVNK to enable businesses to make near-instant payouts using digital currencies across more than 180 markets.
The collaboration will allow Worldpay's clients to pay customers, contractors, creators, sellers and other third-party beneficiaries in stablecoins without needing to hold or manage digital assets directly. The service uses BVNK's embedded wallet infrastructure integrated into Worldpay's existing payouts platform.
Worldpay processes 2.3 trillion payments annually and is one of the world's largest payment processors. The stablecoin payout option will complement the 135 fiat currencies currently available on its platform, with a pilot expected to launch in the second half of 2025.
The partnership addresses growing demand for cross-border payment alternatives, with stablecoins processing an estimated $5.7 trillion in payments volume last year, according to Visa Onchain Analytics data for 2025. Stablecoins are digital currencies pegged to traditional assets, designed to maintain stable values whilst offering blockchain-based transaction speed.
"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," said John McNaught, SVP and Head of Payouts at Worldpay.
The move builds on Worldpay's previous stablecoin initiatives. In 2022, the company began offering merchants in select regions the ability to receive settlements in USDC stablecoin. The following year, Worldpay completed a pilot with Visa to receive funds more quickly from the card network.
BVNK, which recently secured strategic investment from Visa Ventures, provides stablecoin payment infrastructure to businesses seeking alternatives to traditional correspondent banking for international transfers. The London-based company processes $12 billion in annualised stablecoin payment volumes.
"This collaboration with Worldpay aligns with BVNK's core mission: to accelerate global money movement by making stablecoin technology accessible to businesses. Our aim is to help bridge traditional and digital payment systems, contributing to a financial ecosystem that offers accessibility, operational efficiency, and global reach," said Jane McEvoy from BVNK.
The partnership represents continued institutional adoption of stablecoin infrastructure as traditional payment companies seek to integrate blockchain-based technologies whilst maintaining compliance with existing regulatory frameworks.
