Worldpay Partners with BVNK for Stablecoin Payouts

Worldpay has partnered with stablecoin infrastructure provider BVNK to offer near-instant global payouts in digital currencies to clients across the United States and Europe. 

The collaboration enables Worldpay's corporate customers to make payments to contractors, creators, sellers and other third-party beneficiaries using stablecoins across more than 180 markets.

Stablecoins are digital currencies pegged to traditional assets such as the US dollar, designed to maintain stable value, unlike volatile cryptocurrencies such as Bitcoin. 

The partnership marks the first integration of digital assets into Worldpay's payout platform, which currently supports 135 fiat currencies.

The service allows Worldpay clients to access stablecoin payouts through existing platform integrations without requiring them to hold or manage digital assets directly. 

This approach addresses operational complexity concerns that have historically limited corporate adoption of cryptocurrency-based payment solutions.

Building on digital asset integration

The announcement represents Worldpay's continued expansion into digital asset payments following earlier initiatives. 

In 2022, the payment processor began offering merchants in select regions the ability to receive settlements in USDC, a stablecoin issued by Circle Internet Financial. 

The following year, Worldpay completed a pilot programme with Visa to receive funds more rapidly from the card network using digital rails.

BVNK processes over US$12bn annually in stablecoin payments and provides infrastructure for financial institutions seeking to integrate digital currencies into their payment operations. 

The company's platform handles blockchain transaction complexity while providing traditional payment interfaces for corporate clients.

The stablecoin payments market processed approximately US$5.7tn in transaction volume during 2024. 

Traditional cross-border payment methods often involve multiple intermediary banks, resulting in settlement delays of two to five business days and transparency limitations regarding fees and exchange rates. 

Stablecoin-based payments can reduce these friction points by operating on blockchain networks that provide real-time settlement and transparent transaction records.

Addressing corporate payment challenges

John McNaught, Head of Payouts at Worldpay, says confidence in digital assets has grown among corporate clients seeking to streamline international payments. 

“Our new stablecoin payout service allows clients across all Worldpay's verticals such as marketplaces, travel, and gaming to make seamless payouts without handling digital assets themselves,” John explains.

The service targets sectors where rapid international payments are essential, including digital marketplaces that need to pay sellers globally, travel companies managing supplier payments across multiple jurisdictions and gaming platforms distributing earnings to content creators worldwide.

The collaboration follows an infrastructure partnership model where Worldpay manages client relationships and payment processing, while BVNK handles the underlying blockchain technology and digital asset management. 

This division of responsibilities allows traditional payment companies to offer digital asset services without developing extensive cryptocurrency expertise internally.

Jesse Hemson-Struthers, Co-founder and Chief Executive at BVNK, says the partnership addresses adoption barriers that have limited corporate use of stablecoins. 

“Interacting with crypto and blockchain technology can be daunting, which has limited adoption historically,” Jesse notes. 

“When trusted providers like BVNK and Worldpay work together, we can simplify some of the complexity and bring modern, efficient payment options on high-speed payment rails to businesses across the globe.”

Market implementation timeline

The pilot programme is scheduled to launch during the second half of 2025, with initial availability for Worldpay clients in the United States and European markets. 

The phased rollout will allow both companies to monitor system performance and regulatory compliance across different jurisdictions before broader market expansion.

Regulatory frameworks for stablecoin payments vary significantly across global markets, with some jurisdictions implementing comprehensive digital asset regulations whilst others maintain restrictive approaches. 

The partnership will need to navigate these regulatory differences as it expands across the 180 target markets.

Worldpay processes over 50 billion transactions annually across 174 countries, providing the scale necessary to drive adoption of stablecoin payment options among corporate clients. 

The company's existing client base spans multiple industries where international payment efficiency represents a competitive advantage.

Jesse says the partnership demonstrates how established financial infrastructure providers can integrate blockchain-based payment solutions whilst maintaining compliance standards.

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