Wirex and Utorg Transform Global Crypto Spending for Millions
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London, UK, April 8th, 2026, Chainwire
Wirex, a leading provider in crypto payment solutions, has formed a significant partnership with the fintech firm Utorg. This collaboration aims to enhance how over two million users engage with their digital assets
By integrating Wirex’s Banking-as-a-Service (BaaS) into Utorg’s ecosystem, users will soon have access to non-custodial card infrastructure along with seamless banking features. This integration, which is set to launch within weeks, will make it possible for users to manage their crypto holdings via self-custodial wallets while also spending their assets at millions of retailers worldwide.
Utorg is recognized for creating an expansive financial platform that links local payment methods with the evolving stablecoin market. With the new enhancements provided by Wirex BaaS, users can now transact across more than 80 million merchants in over 130 countries, bridging the gap between traditional currencies and digital assets.
Through a straightforward API integration, Utorg benefits from the complete stack offered by Wirex, which includes:
- Non-Custodial Card Issuance — Users can obtain both virtual and physical debit cards that enable them to spend their cryptocurrency while retaining full control of their assets. These cards will support popular payment methods such as Apple Pay and Google Pay.
- IBAN Accounts in EUR & USD — Users will have named virtual IBANs with connections to SEPA Instant and Faster Payments, allowing easy transfers in over 30 countries.
- Real-Time Crypto-to-Fiat Conversion — A feature that allows immediate conversion upon purchase, simplifying transactions without the need for up-front funding.
- DeFi Yield Options with Enterprise Controls — Users can take advantage of yield opportunities on their idle balances while ensuring compliance and risk management.
With this partnership, Utorg reinforces its commitment to making digital assets practical for everyday use. The integration of Wirex’s capabilities into its platform means that users will soon experience a unified system for managing both fiat and digital currencies.
In remarks about the collaboration, Wirex’s General Manager for Onchain Finance, Daniel Rowlands, noted that their BaaS platform enables innovative companies like Utorg to focus on delivering exceptional products, eliminating the need for them to develop payment infrastructure independently. He emphasized the importance of providing users with a seamless transition from purchasing to spending.
Utorg’s co-founder, Eugene Petrakov, highlighted the aim of their platform to simplify the interaction between traditional finance and the expanding stablecoin landscape. He remarked that through this partnership, users will have the added convenience of making global purchases directly from the same platform where they manage their crypto assets.
This collaboration positions Utorg among a growing list of crypto-centric platforms leveraging Wirex BaaS as their foundational payment card technology, including major players like Cardano and Chimera Wallet.
About Wirex
Wirex operates as a global payment platform that has been serving consumers and businesses since 2014. With a user base surpassing 7 million, the company has facilitated over $20 billion in transactions, providing services that make cryptocurrency accessible for daily use anywhere.
About Utorg
Founded in 2020, Utorg focuses on fostering a connection between conventional payment networks and digital asset markets. Its infrastructure enables users to effortlessly transition between fiat and cryptocurrency, thereby promoting the usability of digital assets in everyday transactions.
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