ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with Canadian financial institution, Wirexend. The partnership will see ONPEX provide Wirexend with a seamless cross-border solution to offer its customers access to accounts with SWIFT and SEPA transfer capabilities. In addition to facilitating international transfers, Wirexend will be made bankable through ONPEX.
Launched in 2018, Wirexend provides access to cross-border payments for fast-growing businesses. The company offers flexible and fast services that are available 24/7, with its secure and fast onboarding process. To accelerate the successful development, global expansion and scalability of the business, Wirexend partnered with ONPEX to give their customers direct access to IBAN accounts with SWIFT and SEPA payments. This enables the Canadian financial institution to enter the European market.
Wirexend is integrating ONPEX’ Banking-as-a-Service (BaaS) platform via flexible Application-Program-Interface (API) to offer automated access to international payments. The Canadian financial institution also benefits from ONPEX’ multi-currency IBAN accounts and foreign exchange (FX) capabilities. These banking and payment features ensure that Wirexend’s customers can convert funds within their account and make payments in multiple currencies, including: Euro (EUR), Pound Sterling (GBP), Chinese Yuan (CNY), and many more. In addition to multi-currency management, attaching IBANs to Wirexend’s accounts will make the sending and receiving of funds more secure and easier to reconcile.
In addition to providing these financial services, ONPEX’ white-label online banking will help Wirexend reduce additional costs as the Canadian financial institution can easily apply their own branding and corporate identity to the responsive and user-friendly platform. This supports Wirexend to fully focus on their core business without the need to invest in developing a costly user interface (UI) and user experience (UX).
Speaking about the new partnership, Christoph Tutsch, CEO at ONPEX, explained: “Partnering with Wirexend has helped ONPEX expand the global reach of its growing platform. It is the first step in our 2019 expansion plans, which will help businesses like Wirexend provide seamless and automated cross-border payments in the competitive financial services industry. ONPEX is happy to be providing these banking and payment services so that Wirexend can meet and exceed customer needs.”
Stas Lobkowicz, CEO at Wirexendadded: “We decided to partner with ONPEX due to its ability to offer our customers direct access to cross-border payments and to enter the European market. Thanks to our partnership with ONPEX, we plan on expanding our client base ten times by the end of 2019. We believe Banking-as-a-Service providers like ONPEX will play a key role in what we can offer our customers now and in the future.”
Over the next couple of months thousands of Wirexend customers will receive access to the new accounts with SWIFT and SEPA services provided by the partnership.