Thredd, a London-based payments processor, has expanded its partnership with Reap, a Hong Kong-based fintech offering stablecoin-enabled card programmes, white-label stablecoin card issuance, and a cross-border payments platform with fiat payouts.

Under the expanded agreement, Thredd will provide the infrastructure supporting Reap’s physical and virtual card programmes, facilitating the company’s expansion into the US and Latin America.

As Reap grows its stablecoin-enabled services, Thredd will support authorisation, transaction processing, fraud controls, tokenisation, and digital wallet integration.

Since the partnership began in 2021, Thredd has enabled Reap to scale from processing thousands of card transactions monthly to millions.

With Thredd’s solution and support teams, Reap now handles high transactions per second (TPS) volumes, integrates stablecoin-based repayment, and operates with round-the-clock technical and account support, assisting clients in launching programmes efficiently.

“This collaboration enables Reap to focus on product innovation while Thredd underpins their expansion, enabling corporate, B2B, and B2B2C clients, particularly in fast-evolving markets, to issue cards swiftly and securely,”

said Jim McCarthy, CEO of Thredd.

“From initial design to tokenisation and fraud protection, our infrastructure is built to handle ambitious growth and complex needs.”

“We are pleased to be partnering with Thredd to enable us to bring stablecoin-enabled infrastructure to our clients across major trade corridors for more efficient money movement,”

said Daren Guo, Co-Founder of Reap.

“Following our strong business growth, we are focused on scaling our infrastructure so clients can better connect and streamline their financial operations with our integrated business accounts and embedded finance solutions.”

The partnership illustrates how modular payment infrastructure, combined with technical expertise, can help fintechs scale operations across borders and transform card programmes into broader financial infrastructure.

Featured image credit: Edited by Fintech News Switzerland, based on image by EyeEm via Freepik