• Twitter
  • YouTube
  • Linkedin
The Power 50
  • Home
  • About
    • The Power 50
    • Sponsorship
    • Media Pack
    • Talent Solutions
    • Growth Solutions
    • Strategy Solutions
    • The Team
  • Programmes
    • KICKSTART
      • Kickstart scheme overview
    • HealthTech Power 50
    • Fintech Power 50
      • Fintech Power 50 2022
  • Events
  • Contact Us
Select Page

ONPEX Boosts Wirex’s Global Growth with Cross-Border Payments and Multi-Currency IBANs

ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with UK-based digital money solutions provider, Wirex. The partnership will help Wirex offer International Bank Account Numbers (IBANs) to deliver effective cross-border payments.

Wirex, a UK based, FCA-regulated digital payment platform, launched the world’s first Visa card that allows users to convert and spend cryptocurrencies wherever Visa is accepted. Wirex’s payment platform currently supports 9 cryptocurrencies, including Bitcoin, Litecoin, Ethereum and XRP, as well as 10 traditional currencies including Pound Sterling, Euro, and US Dollars. The platform enables cost-effective digital transactions for more than 2 million users in 130 countries and has processed over $2bn of transactions to date.

ONPEX is supporting Wirex to further enhance its services by providing IBANs for Wirex account holder. This new facility means users can now easily transfer their money internationally in compliance with local and global legislation, with a reduced risk of transcription errors.

The partnership with ONPEX allows Wirex to increase the number of traditional currencies offered on its platform to 25. ONPEX also enables the company to transfer money via SEPA and SWIFT protocols. This opens up the company’s services to many more clients and new cross-border markets, supporting its future growth plans.

Pavel Matveev, CEO at Wirex, explained: ” ONPEX’s modular and scalable Banking*-as-a-Service solutions were easily integrated into our platform. We strive to build a platform that empowers people to use their money their way. This mean having both digital and traditional payment rails, for which ONPEX is the right partner for us. The fact that ONPEX is scalable helps us get our new cross-border payments up-and-running quickly and efficiently. With the support of ONPEX, we can continue to grow our business in Europe and around the globe.”

Christoph Tutsch, CEO at ONPEX, added: “Wirex has built an impressive product for its customers in recent years. We’ve provided Wirex’s end-users with a practical way to pay in multiple currencies. With access to our IBAN offering, Wirex can go now further. For example, offering card users a range of new benefits, Wirex can build even stronger relationships with its customers. With strong growth plans predicted for both businesses in 2019, we look forward to working closely with this great company in the future.”

Check out this interview we did with Christoph Tutsch at Money 2020 Asia earlier this year.

The Fintech Power 50

Upcoming Events

Mar 01

FUTURE OF FINTECH

March 1 @ 8:00 am - May 2 @ 5:40 pm GMT
Saudi Arabia
Mar 14

Collections and Recovery – Summit Middle East

March 14 - March 15
United Arab Emirates
May 24

Regtech Africa Conference 2023

May 24 - May 26
Nigeria

View More…

  • Twitter
  • YouTube
  • Linkedin
Copyright © 2018-2020 The Power 50 | All Rights Reserved | Website maintained & hosted by Funky Grafix
This site uses cookies: Find out more.