PhotonPay is expanding its stablecoin-centric Financial Operating System (Financial OS) to include multi-asset wallets, global card issuing, enhanced local clearing infrastructure, and an agent-ready financial execution layer.

Stablecoins sit at the core of a dual-rail architecture that links on-chain liquidity with fiat networks, enabling everyday corporate spending and cross-border settlements.

The Financial OS integrates stablecoins with fiat, connecting on-chain liquidity to banking, clearing, and card networks through an API-first approach to enable cross-border and cross-network money movement.

Blacksheep Technology served as exclusive financial advisor for the transaction.

Executives stressed that building local financial capabilities requires infrastructure, partnerships, and regulatory engagement, not just software or AI models.

PhotonPay operates 16 offices with about 600 employees and holds 34 payment licenses or authorizations; jurisdiction details were not disclosed.

The platform is developing AI-assisted risk review to escalate complex cases to humans, ensuring auditable records and deterministic controls for autonomous finance.

PhotonPay closed a $40 million Series C led by Blockchain Capital, with SBI Group participating and existing investors including IDG Capital, GL Ventures, and Lightspeed Faction; Blacksheep Technology was exclusive financial advisor.

Key partnerships include J.P. Morgan, Standard Chartered, DBS, and connections to Brazil’s Pix and Mexico’s SPEI to underpin its global network and support expansion into new jurisdictions.

PhotonPay is pursuing an agentic-commerce model with standardized interfaces and a policy-based execution framework to govern AI-driven tasks, including a May 2026 live demo with Mastercard validating AI-initiated transactions.

PhotonPay issued about 4.4 million cards in the past year, collaborates with over 100 enterprise and platform partners, and supports a high-volume global card issuing network.

The platform supports local collection accounts in 17 markets, payout capabilities in 60+ currencies, 100+ payout routes including 74 major local e-wallets, with most payouts arriving within hours and a majority in real time.