Click to watchZepz, the global payments group behind WorldRemit and Sendwave, has launched the Sendwave Wallet to allow customers to send, receive and store stablecoins.
“There are a lot of borders in sending money,” said Mark Lenhard, CEO of Zepz, in an exclusive virtual interview with Condia, acknowledging the difficulty many remote workers in emerging economies encounter when sending money abroad. “We are removing the borders for all our customers, allowing them to send, save and hold digital dollars in over 100 countries.”
Zepz’s latest product rollout is innovative; fascinating even. While remote workers and businesses in Nigeria, for instance, can easily receive foreign currency, sending it back to the global north is often a bureaucratic nightmare of capital controls and restrictions.
The introduction of the Sendwave wallet is sure to upset a saturated remittance space, comprising other players like LemFi and Moniepoint, which have built or are building empires on a “one-way traffic” model. This two-way functionality is a direct assault on the remaining fintechs yet to announce their own stablecoin innovations. While rivals offer virtual dollar accounts, they remain constrained by the very regulations that Zepz, via its global network and a crypto backdoor, is attempting to sidestep.
Lenhard is clear here that the product is built for ordinary people. “Of course, we ride on stablecoins, we are trying to make the product simple for people who don’t even know about the technology behind it,” Lenhard added.
Zepz plans to bulldoze those restrictions with a digital wallet powered by Circle’s USDC, a stablecoin pegged to the US dollar. The company is effectively offering a borderless digital dollar account, promising users in over 100 countries a way to hold, send, and save funds without the notorious volatility of their local currencies, while continuing Zepz’s tradition of transparent and competitive exchange rates. Additionally, the wallet runs on the high-speed Solana blockchain—a darling of the Web3 crowd.
Zepz is leaning on its “decade-long” payout network to let users cash out their USDC into fiat. But the company’s roadmap hints at a bigger, more disruptive ambition: to bypass the banking system entirely, promising future integration with payment cards and QR codes.
Kash Razzaghi, Chief Commercial Officer at Circle, said, “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.”
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