LONDON, May 14, 2024 /PRNewswire/ -- Today, leading
embedded finance and Banking-as-a-Service (BaaS) platform, OpenPayd
announces its partnership with Wirex, a prominent Web3 money app,
to provide named virtual IBANs to its customers across the UK and
European Economic Area (EEA) strengthening Wirex's core mission to
provide easy, fast and secure payment methods to its customers.
The partnership will see OpenPayd issue virtual IBANs to Wirex
customers in 30+ countries across the UK and EEA. Customers will
have access to the Faster Payments network in the UK and Single
Euro Payments Area (SEPA) Instant payments for Euro-denominated
deposits and withdrawals.
The service will be fully embedded into Wirex's infrastructure
via OpenPayd's single, developer-friendly API. Wirex customers will
receive a unique, named IBAN, enabling them to seamlessly transfer
EUR and GBP between their Wirex and bank accounts. Payments across
OpenPayd's SEPA Instant and Faster Payments rails take place in
real-time, 24/7, 365 days of the year, leading to a significant
improvement in customer experience.
"High-growth digital assets businesses need reliable, scalable
banking and payments partners to deliver a seamless user experience
without incurring delays or prohibitive fees," said Iana Dimitrova, CEO of OpenPayd. "Wirex is a
trusted, established and growing player in the digital assets
market. Our reliable platform, with 99.99% uptime, will support
Wirex in its mission to make cryptocurrency more secure, accessible
and available to everyone."
"At Wirex, we strive to bridge the gap between the traditional
and digital economies, so it's vital that our customers can easily
make and receive payments via SEPA Instant and Faster Payments.
OpenPayd's tech stack is not only state of the art and easy to
integrate, it's also proven at scale - processing millions of
transactions monthly," said Pavel
Matveev, CEO and Co-Founder of Wirex. "Named IBANs offer our
customers an improved user experience and an even more personalised
service. They also enable our teams to completely automate back
office account reconciliation. OpenPayd is the perfect partner to
facilitate the instant, accessible and secure payments our
customers need."
About OpenPayd
OpenPayd builds embedded finance and banking-as-a-service
infrastructure that powers business growth. With OpenPayd's
financial services infrastructure, innovative companies can build
new products, streamline their operations and manage their payments
on a global scale.
The OpenPayd platform delivers a full suite of banking and
payments infrastructure: accounts, FX, international and domestic
payments and Open Banking services - all via a single API. With a
growing network of licences across the UK, Europe and North
America, OpenPayd is providing the banking infrastructure
digital businesses need to thrive.
For additional information on OpenPayd, please
visit https://openpayd.com/.
About Wirex
Wirex is a prominent UK-based digital payments platform with
over 6 million customers spread across 130 countries. It offers
secure accounts, making it easy for users to store, purchase, and
exchange multiple currencies seamlessly.
As a principal member of both Visa and Mastercard, Wirex goes
beyond traditional services, embracing the evolving trends of Web3
to provide mainstream access to digital finance and wealth
management.
Having processed transactions totalling $20 billion, Wirex aims to contribute to the
adoption of a cashless society by facilitating straightforward
transactions in various currencies worldwide. Wirex is simplifying
digital payments, making it more accessible and convenient for
people across the globe.
For additional information on Wirex, please visit
https://wirexapp.com/
Photo
- https://mma.prnewswire.com/media/2411343/Wirex_OpenPayd.jpg
Logo -
https://mma.prnewswire.com/media/2286023/4702648/Wirex_logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/wirex-chooses-openpayd-to-launch-embedded-accounts-across-uk-and-eea-302143870.html