diff --git a/src/CONST.ts b/src/CONST.ts
index dbe47c6ed1a7..bd91137ae946 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -992,6 +992,11 @@ const CONST = {
             STATEMENT: 'STATEMENT_NAVIGATE',
             CONCIERGE: 'CONCIERGE_NAVIGATE',
         },
+        MTL_WALLET_PROGRAM_ID: '760',
+        PROGRAM_ISSUERS: {
+            EXPENSIFY_PAYMENTS: 'Expensify Payments LLC',
+            BANCORP_BANK: 'The Bancorp Bank',
+        },
     },
 
     PLAID: {
diff --git a/src/languages/en.ts b/src/languages/en.ts
index 9c49e2907702..f16097aa03d1 100755
--- a/src/languages/en.ts
+++ b/src/languages/en.ts
@@ -73,6 +73,7 @@ import type {
     RequestedAmountMessageParams,
     TagSelectionParams,
     TranslationBase,
+    WalletProgramParams,
 } from './types';
 import * as ReportActionsUtils from '../libs/ReportActionsUtils';
 
@@ -909,7 +910,7 @@ export default {
         phrase2: 'Terms of Service',
         phrase3: 'and',
         phrase4: 'Privacy',
-        phrase5: 'Money transmission is provided by Expensify Payments LLC (NMLS ID:2017010) pursuant to its',
+        phrase5: `Money transmission is provided by ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} (NMLS ID:2017010) pursuant to its`,
         phrase6: 'licenses',
     },
     validateCodeForm: {
@@ -1170,7 +1171,7 @@ export default {
         electronicFundsWithdrawal: 'Electronic funds withdrawal',
         standard: 'Standard',
         shortTermsForm: {
-            expensifyPaymentsAccount: 'The Expensify Wallet is issued by The Bancorp Bank.',
+            expensifyPaymentsAccount: ({walletProgram}: WalletProgramParams) => `The Expensify Wallet is issued by ${walletProgram}.`,
             perPurchase: 'Per purchase',
             atmWithdrawal: 'ATM withdrawal',
             cashReload: 'Cash reload',
@@ -1212,10 +1213,10 @@ export default {
                 'several minutes. The fee is 1.5% of the transfer amount (with a minimum fee of $0.25).',
             fdicInsuranceBancorp:
                 'Your funds are eligible for FDIC insurance. Your funds will be held at or ' +
-                'transferred to The Bancorp Bank, an FDIC-insured institution. Once there, your funds are insured up ' +
-                'to $250,000 by the FDIC in the event The Bancorp Bank fails. See',
+                `transferred to ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK}, an FDIC-insured institution. Once there, your funds are insured up ` +
+                `to $250,000 by the FDIC in the event ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK} fails. See`,
             fdicInsuranceBancorp2: 'for details.',
-            contactExpensifyPayments: 'Contact Expensify Payments by calling +1 833-400-0904, by email at',
+            contactExpensifyPayments: `Contact ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} by calling +1 833-400-0904, by email at`,
             contactExpensifyPayments2: 'or sign in at',
             generalInformation: 'For general information about prepaid accounts, visit',
             generalInformation2: 'If you have a complaint about a prepaid account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit',
diff --git a/src/languages/es.ts b/src/languages/es.ts
index 2be3f9e96265..3860c34f6ef1 100644
--- a/src/languages/es.ts
+++ b/src/languages/es.ts
@@ -73,6 +73,7 @@ import type {
     RequestedAmountMessageParams,
     TagSelectionParams,
     EnglishTranslation,
+    WalletProgramParams,
 } from './types';
 
 /* eslint-disable max-len */
@@ -905,7 +906,7 @@ export default {
         phrase2: 'Términos de Servicio',
         phrase3: 'y',
         phrase4: 'Privacidad',
-        phrase5: 'El envío de dinero es brindado por Expensify Payments LLC (NMLS ID:2017010) de conformidad con sus',
+        phrase5: `El envío de dinero es brindado por ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} (NMLS ID:2017010) de conformidad con sus`,
         phrase6: 'licencias',
     },
     validateCodeForm: {
@@ -1187,7 +1188,7 @@ export default {
         electronicFundsWithdrawal: 'Retiro electrónico de fondos',
         standard: 'Estándar',
         shortTermsForm: {
-            expensifyPaymentsAccount: 'La billetera Expensify es emitida por The Bancorp Bank.',
+            expensifyPaymentsAccount: ({walletProgram}: WalletProgramParams) => `La billetera Expensify es emitida por ${walletProgram}.`,
             perPurchase: 'Por compra',
             atmWithdrawal: 'Retiro de cajero automático',
             cashReload: 'Recarga de efectivo',
@@ -1230,10 +1231,10 @@ export default {
                 'transferencia (con una tarifa mínima de $ 0.25). ',
             fdicInsuranceBancorp:
                 'Sus fondos son elegibles para el seguro de la FDIC. Sus fondos se mantendrán en o ' +
-                'transferido a The Bancorp Bank, una institución asegurada por la FDIC. Una vez allí, sus fondos ' +
-                'están asegurados a $ 250,000 por la FDIC en caso de que The Bancorp Bank quiebre. Ver',
+                `transferido a ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK}, una institución asegurada por la FDIC. Una vez allí, sus fondos ` +
+                `están asegurados a $ 250,000 por la FDIC en caso de que ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK} quiebre. Ver`,
             fdicInsuranceBancorp2: 'para detalles.',
-            contactExpensifyPayments: 'Comuníquese con Expensify Payments llamando al + 1833-400-0904, por correoelectrónico a',
+            contactExpensifyPayments: `Comuníquese con ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} llamando al + 1833-400-0904, por correoelectrónico a`,
             contactExpensifyPayments2: 'o inicie sesión en',
             generalInformation: 'Para obtener información general sobre cuentas prepagas, visite',
             generalInformation2: 'Si tiene una queja sobre una cuenta prepaga, llame al Consumer Financial Oficina de Protección al 1-855-411-2372 o visite',
diff --git a/src/languages/types.ts b/src/languages/types.ts
index 70bf2e4cae3d..52f2df8b3765 100644
--- a/src/languages/types.ts
+++ b/src/languages/types.ts
@@ -194,6 +194,8 @@ type FormattedMaxLengthParams = {formattedMaxLength: string};
 
 type TagSelectionParams = {tagName: string};
 
+type WalletProgramParams = {walletProgram: string};
+
 /* Translation Object types */
 // eslint-disable-next-line @typescript-eslint/no-explicit-any
 type TranslationBaseValue = string | string[] | ((...args: any[]) => string);
@@ -307,4 +309,5 @@ export type {
     RemovedTheRequestParams,
     FormattedMaxLengthParams,
     TagSelectionParams,
+    WalletProgramParams,
 };
diff --git a/src/pages/EnablePayments/EnablePaymentsPage.js b/src/pages/EnablePayments/EnablePaymentsPage.js
index 064f9371e46a..903ec0c520b9 100644
--- a/src/pages/EnablePayments/EnablePaymentsPage.js
+++ b/src/pages/EnablePayments/EnablePaymentsPage.js
@@ -86,10 +86,37 @@ class EnablePaymentsPage extends React.Component {
                             {currentStep === CONST.WALLET.STEP.ACTIVATE && <ActivateStep userWallet={this.props.userWallet} />}
                         </>
                     );
+<<<<<<< HEAD
                 }}
             </ScreenWrapper>
         );
     }
+=======
+                }
+
+                if (userWallet.shouldShowWalletActivationSuccess) {
+                    return <ActivateStep userWallet={userWallet} />;
+                }
+
+                const currentStep = userWallet.currentStep || CONST.WALLET.STEP.ADDITIONAL_DETAILS;
+
+                switch (currentStep) {
+                    case CONST.WALLET.STEP.ADDITIONAL_DETAILS:
+                    case CONST.WALLET.STEP.ADDITIONAL_DETAILS_KBA:
+                        return <AdditionalDetailsStep />;
+                    case CONST.WALLET.STEP.ONFIDO:
+                        return <OnfidoStep />;
+                    case CONST.WALLET.STEP.TERMS:
+                        return <TermsStep userWallet={userWallet} />;
+                    case CONST.WALLET.STEP.ACTIVATE:
+                        return <ActivateStep userWallet={userWallet} />;
+                    default:
+                        return null;
+                }
+            }}
+        </ScreenWrapper>
+    );
+>>>>>>> bcc8a63 (Merge pull request #28433 from Expensify/cole_wallet_terms)
 }
 
 EnablePaymentsPage.propTypes = propTypes;
diff --git a/src/pages/EnablePayments/TermsPage/ShortTermsForm.js b/src/pages/EnablePayments/TermsPage/ShortTermsForm.js
index a6f685fcb562..1b693add95b7 100644
--- a/src/pages/EnablePayments/TermsPage/ShortTermsForm.js
+++ b/src/pages/EnablePayments/TermsPage/ShortTermsForm.js
@@ -5,11 +5,26 @@ import Text from '../../../components/Text';
 import * as Localize from '../../../libs/Localize';
 import CONST from '../../../CONST';
 import TextLink from '../../../components/TextLink';
+import userWalletPropTypes from '../userWalletPropTypes';
 
-function ShortTermsForm() {
+const propTypes = {
+    /** The user's wallet */
+    userWallet: userWalletPropTypes,
+};
+
+const defaultProps = {
+    userWallet: {},
+};
+
+function ShortTermsForm(props) {
     return (
         <>
-            <Text style={styles.mb5}>{Localize.translateLocal('termsStep.shortTermsForm.expensifyPaymentsAccount')}</Text>
+            <Text style={styles.mb5}>
+                {Localize.translateLocal('termsStep.shortTermsForm.expensifyPaymentsAccount', {
+                    walletProgram:
+                        props.userWallet.walletProgramID === CONST.WALLET.MTL_WALLET_PROGRAM_ID ? CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS : CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK,
+                })}
+            </Text>
 
             <View style={[styles.shortTermsBorder, styles.p2, styles.mb6]}>
                 <View style={[styles.shortTermsRow, styles.mb4]}>
@@ -132,6 +147,8 @@ function ShortTermsForm() {
     );
 }
 
+ShortTermsForm.propTypes = propTypes;
+ShortTermsForm.defaultProps = defaultProps;
 ShortTermsForm.displayName = 'ShortTermsForm';
 
 export default ShortTermsForm;
diff --git a/src/pages/EnablePayments/TermsStep.js b/src/pages/EnablePayments/TermsStep.js
index e96d93dc4de9..39f4826ec0b2 100644
--- a/src/pages/EnablePayments/TermsStep.js
+++ b/src/pages/EnablePayments/TermsStep.js
@@ -15,8 +15,12 @@ import LongTermsForm from './TermsPage/LongTermsForm';
 import FormAlertWithSubmitButton from '../../components/FormAlertWithSubmitButton';
 import walletTermsPropTypes from './walletTermsPropTypes';
 import * as ErrorUtils from '../../libs/ErrorUtils';
+import userWalletPropTypes from './userWalletPropTypes';
 
 const propTypes = {
+    /** The user's wallet */
+    userWallet: userWalletPropTypes,
+
     /** Comes from Onyx. Information about the terms for the wallet */
     walletTerms: walletTermsPropTypes,
 
@@ -24,6 +28,7 @@ const propTypes = {
 };
 
 const defaultProps = {
+    userWallet: {},
     walletTerms: {},
 };
 
@@ -59,7 +64,7 @@ function TermsStep(props) {
                 style={styles.flex1}
                 contentContainerStyle={styles.ph5}
             >
-                <ShortTermsForm />
+                <ShortTermsForm userWallet={props.userWallet} />
                 <LongTermsForm />
                 <CheckboxWithLabel
                     accessibilityLabel={props.translate('termsStep.haveReadAndAgree')}
diff --git a/src/pages/EnablePayments/userWalletPropTypes.js b/src/pages/EnablePayments/userWalletPropTypes.js
index 2027a1fc15f8..e6b4206be751 100644
--- a/src/pages/EnablePayments/userWalletPropTypes.js
+++ b/src/pages/EnablePayments/userWalletPropTypes.js
@@ -22,4 +22,7 @@ export default PropTypes.shape({
 
     /** Whether we should show the ActivateStep success view after the user finished the KYC flow */
     shouldShowWalletActivationSuccess: PropTypes.bool,
+
+    /** The wallet's programID, used to show the correct terms. */
+    walletProgramID: PropTypes.string,
 });
diff --git a/src/types/onyx/UserWallet.ts b/src/types/onyx/UserWallet.ts
index 8624f16000c9..c6ab5dbf1f67 100644
--- a/src/types/onyx/UserWallet.ts
+++ b/src/types/onyx/UserWallet.ts
@@ -34,6 +34,9 @@ type UserWallet = {
     /** The type of the linked account (debitCard or bankAccount) */
     walletLinkedAccountType: WalletLinkedAccountType;
 
+    /** The wallet's programID, used to show the correct terms. */
+    walletProgramID?: string;
+
     /** The user's bank account ID */
     bankAccountID?: number;