London, UK, April 8, 2026, Chainwire
Wirex BaaS provides non-custodial card infrastructure, IBAN banking rails, and global payment acceptance capabilities to Utorg’s consumer wallet ecosystem and goes live in weeks rather than months.
Wirex, a full-stack cryptocurrency card issuer and Banking-as-a-Service (BaaS) provider, today announced a strategic partnership with Utorg (utorg.com), a global fintech company building consumer and business infrastructure for the stablecoin economy. Working with EU-regulated fintech companies to power Utorg’s fast-growing on-chain finance applications 2 million users in over 190 countries.
With Wirex BaaS, Utorg embeds a fully compliant card issuance and banking infrastructure directly into its consumer platform, allowing users to store assets in self-managed wallets and spend their balances at merchants around the world through Wirex-powered payment cards. This move advances Utorg’s vision to make digital assets practical for everyday use by combining self-management, global payments and local financial rails into a single consumer experience.
Wirex BaaS: Powering Utorg’s Card Infrastructure
A single API integration gives Utorg access to Wirex’s entire BaaS stack.
- Non-binding card issuance — A virtual and physical debit card with Apple Pay and Google Pay integration that allows users to spend their cryptocurrency assets while maintaining complete self-custody.
- EUR and USD IBAN accounts — Named as a virtual IBAN with SEPA instant and fast payment connectivity, it supports fiat entry and exit in over 30 countries.
- Real-time cryptocurrency to fiat conversion — Instant conversion at the point of sale with no upfront financing requirements, making every transaction seamless for end users.
- DeFi Yields with Corporate Control — Provides integrated revenue opportunities for idle balances with complete compliance and risk management.
Utorg has built a global platform that connects the fast-growing stablecoin economy with local payment systems. Through its infrastructure and consumer-facing products, the company enables users to seamlessly move between fiat and digital assets while maintaining complete control of their funds. Utorg’s application comes with self-managed wallets, instant cryptocurrency purchases, and built-in financial tools designed to make cryptocurrencies accessible to everyday users. With Wirex BaaS, Utorg is now expanding this ecosystem even further, allowing users to store digital assets globally. There are 80 million sellers in over 130 countries..
“Our BaaS platform exists to allow builders like Utorg to focus on their products rather than integrating payment infrastructure from scratch,” he said. Daniel Rowlands, General Manager, Onchain Finance, Wirex. “Utorg has built something special – a frictionless entry experience that hundreds of thousands of users around the world love. Now with Wirex BaaS, we have the card and banking rails to complete the purchase-to-spend journey. This is what full-stack BaaS makes possible.”
“We built Utorg to bridge the gap between the traditional financial system and the emerging stablecoin economy,” he said. Eugene Petrakov, co-founder of Utorg. “Our goal is to provide users with a simple way to purchase digital assets, store them in self-managed wallets, and use them in their everyday lives. Our partnership with Wirex allows us to further expand this experience by enabling global spending directly from the same environment where users manage their cryptocurrencies.”
This partnership positions Utorg with the growing list of crypto-based platforms that have chosen Wirex BaaS as the backbone of their payment card programs, joining the likes of Cardano, Simple App, COCA, Chimera Wallet, and Collective Memory.
Introduction to Wirex
Wirex is a global payments platform serving both consumers and businesses, providing card-based payment products along with card issuance and banking infrastructure for its partners. Trusted by over 7 million users since 2014, Wirex has processed over $20 billion in transactions across 130 countries. As a leading member of Visa and Mastercard, you can instantly and easily spend your cryptocurrency anywhere. Users can visit wirexapp.com.
About Utorg
Utorg is a fintech company building infrastructure and consumer applications for the global stablecoin economy. Founded in 2020, the company connects traditional payment networks with digital asset markets, allowing users and businesses to move seamlessly between fiat and cryptocurrency. Utorg offers self-managed wallets, instant cryptocurrency purchases, and integrated financial tools designed to enable digital assets to be used in everyday life. Today, the platform offers much more than that. 2 million users in over 190 countries We are continuously expanding our payment and stablecoin financial services ecosystem. Users can visit utorg.com.
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