Sendwave app and world remit are out there in the money transfer and the money movement for years. And the thing is that such type of the apps kind of build the ecosystem around the same. You would find that they seem to be going in the direction of the crypto and the money management in upcoming wallet direction for them.
They have decided to make use of the Solana and the USDC in their wallet. Which would make the payment gateway and the remittance income easier. So kind of makes it possible for those who want transfer funds using the crypto or borderless payments in upcoming times.
It is making use of the infrastructure from the Circle inc for the USDC, Solana and also portal which would make it easier for the variety of the crypto tokens to flourish under the wallet banner. You would find that this would be the direction that company would be taking some time onwards for the sendwave wallet.
This may not be same like the UPI but most of the wallet accepting the solana and similar crypto transfer would be good too. The zepz company is from USA and they are trying to go by the SEC rules and this would indeed bring some value in the transactions. And how they would be making sense for the growth too following rules and not include every crypto out there.
This is a progress that everyone wanted to see with the Solana wallet. You can check out the news here.