Wirex and Utorg Partner to Expand Global Crypto Payments Infrastructure
Wirex and Utorg partner to embed compliant card issuance and banking infrastructure, enabling users to spend self-custodied crypto globally across 80 million merchants with seamless fiat-to-crypto conversion.
Wirex, a full-stack crypto 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 behind Utorg’s rapidly growing onchain-financial application — serving more than 2 million users across 190+ countries.
Through Wirex BaaS, Utorg will embed fully compliant card issuance and banking infrastructure directly into its consumer platform — giving users the ability to hold assets in self-custodial wallets, and spend their balances at merchants worldwide through a Wirex-powered payment card. The 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.
Wirex BaaS: Powering Utorg's Card Infrastructure
Through a single API integration, Utorg gains access to Wirex's complete BaaS stack:
● Non-Custodial Card Issuance — Virtual and physical debit cards that let users spend their 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, making every transaction seamless for the end user.
● DeFi Yield with Enterprise Controls — Integrated yield opportunities on idle balances with full compliance and risk management.
Utorg has built a global platform that connects local payment systems with the rapidly expanding stablecoin economy. Through its infrastructure and consumer-facing products, the company enables users to seamlessly move between fiat and digital assets while maintaining full control over their funds. Utorg’s application brings together self-custodial wallets, instant crypto purchases, and embedded financial tools designed to make crypto accessible to everyday users. With Wirex BaaS, Utorg now extends this ecosystem further — enabling users to spend their digital assets globally across more than 80 million merchants in over 130 countries.
"Our BaaS platform exists so that builders like Utorg can focus on their product instead of piecing together payment infrastructure from scratch," said Daniel Rowlands, General Manager, Onchain Finance at Wirex. "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. That's what full-stack BaaS makes possible."
"We built Utorg to bridge the gap between the traditional financial system and the emerging stablecoin economy," said Eugene Petrakov, Co-founder at Utorg. "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 a growing roster of crypto-native platforms choosing Wirex BaaS as the backbone for their payment card programmes, joining the likes of Cardano, Simple App, COCA, Chimera Wallet and Collective Memory.
